The Business Times
business-time-50

US: Wall St opens higher after retreating on inflation jitters

google-preferred-sourceAdd BT as a preferred source
Published Fri, May 24, 2024 · 09:50 PM
    • The S&P 500 opened higher by 13.61 points, or 0.26 per cent, at 5,281.45, while the Nasdaq Composite gained 50.76 points, or 0.30 per cent, to 16,786.79 at the opening bell.
    • The S&P 500 opened higher by 13.61 points, or 0.26 per cent, at 5,281.45, while the Nasdaq Composite gained 50.76 points, or 0.30 per cent, to 16,786.79 at the opening bell. PHOTO: REUTERS

    THE main US stock indexes opened higher on Friday (May 24), rebounding after Wall Street closed lower in the previous session on signs of persistent inflation that rekindled monetary policy caution ahead of a long weekend.

    The Dow Jones Industrial Average rose 23.97 points, or 0.06 per cent, at the open to 39,089.23.

    The S&P 500 opened higher by 13.61 points, or 0.26 per cent, at 5,281.45, while the Nasdaq Composite gained 50.76 points, or 0.30 per cent, to 16,786.79 at the opening bell. 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.

    S&P 500NasdaqDow Jones

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    US Secretary of State Marco Rubio (far left) and Treasury Secretary Scott Bessent listening as President Donald Trump (centre) speaks to the media on the sidelines of a Nato summit in Ankara, July 8, 2026.

    A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    A distinct separation of duties in a family enterprise protects both the business and the family. 

    Family businesses fail when members overstep their roles

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More