US: Wall St jumps at open as CPI data calms rate-hike jitters

WALL Street’s main indexes opened sharply higher on Tuesday (Dec 13) after a smaller-than-expected rise in US consumer prices raised hopes that the Federal Reserve could soften its aggressive rate hike stance.

The Dow Jones Industrial Average rose 555.64 points, or 1.65 per cent, at the open to 34,546.65.

The S&P 500 opened higher by 78.82 points, or 1.98 per cent, at 4,069.38, while the Nasdaq Composite gained 399.10 points, or 3.58 per cent, to 11,542.84 at the opening bell. REUTERS