US: Wall St opens higher after inflation data solidifies rate-cut bets

WALL Street’s main indexes opened higher on Wednesday (Dec 11) after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month.

The Dow Jones Industrial Average rose 52.6 points, or 0.12 per cent, at the open to 44,300.41. The S&P 500 rose 25.2 points, or 0.42 per cent, at the open to 6,060.15​, while the Nasdaq Composite rose 145.7 points, or 0.74 per cent, to 19,832.955 at the opening bell. REUTERS