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US: Wall St opens higher as investors await inflation data

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Published Mon, May 13, 2024 · 09:52 PM
    • The S&P 500 rose 10.4 points, or 0.20 per cent, at the open to 5,233.08.
    • The S&P 500 rose 10.4 points, or 0.20 per cent, at the open to 5,233.08. PHOTO: REUTERS

    US STOCK indexes opened higher on Monday (May 13), nearing record peaks following a recent run of gains, with investors awaiting key inflation figures this week to gauge the likelihood of interest rate cuts in 2024.

    The Dow Jones Industrial Average rose 78.4 points, or 0.20 per cent, at the open to 39,591.28.

    The S&P 500 rose 10.4 points, or 0.20 per cent, at the open to 5,233.08​, while the Nasdaq Composite rose 59.4 points, or 0.36 per cent, to 16,400.307 at the opening bell. REUTERS

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