US: Wall St opens higher on signs of disinflation

WALL Street’s main indexes opened higher on Thursday (Jul 13) after producer prices data provided further evidence of inflation cooling in the world’s largest economy, and stoked hopes that the Federal Reserve will soon end its monetary policy tightening.

The Dow Jones Industrial Average rose 64.88 points, or 0.19 per cent, at the open to 34,412.31.

The S&P 500 opened higher by 19.34 points, or 0.43 per cent, at 4,491.50, while the Nasdaq Composite gained 102.18 points, or 0.73 per cent, to 14,021.15 at the opening bell. REUTERS