US: Wall St opens higher as fresh inflation data allays rate jitters
Add BT as a preferred source
WALL Street’s main stock indexes opened higher on Thursday (Apr 11) after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the Federal Reserve this year alive.
The Dow Jones Industrial Average rose 61.75 points, or 0.16 per cent, at the open to 38,523.26.
The S&P 500 opened higher by 12.31 points, or 0.24 per cent, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41 per cent, to 16,236.20 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.
Share with us your feedback on BT's products and services
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
