US: Wall St opens higher as inflation cools in June

WALL Street’s main indexes opened higher on Wednesday (Jul 12) after data showed inflation cooled further in June, lifting investor hopes that the Federal Reserve is nearing the end of its monetary tightening cycle.

The Dow Jones Industrial Average rose 133.86 points, or 0.39 per cent, at the open to 34,395.28.

The S&P 500 opened higher by 28.43 points, or 0.64 per cent, at 4,467.69, while the Nasdaq Composite gained 154.94 points, or 1.13 per cent, to 13,915.64 at the opening bell. REUTERS