US: Wall St opens higher after retail sales data
Add BT as a preferred source
WALL STREET’S main indexes opened higher on Wednesday (Jan 18) after a bigger-than-expected drop in December retail sales supported hopes of smaller interest rate hikes by the Federal Reserve, while gains in Tesla and Microsoft boosted the Nasdaq.
The Nasdaq Composite gained 75.84 points, or 0.68 per cent, to 11,170.95 at the opening bell.
The Dow Jones Industrial Average rose 37.64 points, or 0.11 per cent, at the open to 33,948.49, while the S&P 500 opened higher by 11.28 points, or 0.28 per cent, at 4,002.25. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings
These little-known SGX tech stocks are beating the market. What’s driving them up?
