US: Wall St opens strong as megacaps recover; inflation data in focus

WALL Street’s main indexes opened higher on Friday (Jul 26), with the Nasdaq taking the lead as most megacap tech and chip stocks recovered from the week’s pummelling and a largely in-line key inflation reading kept rate-cut bets intact.

The Dow Jones Industrial Average rose 205.79 points, or 0.52 per cent, at the open to 40,140.86.

The S&P 500 opened higher by 34.45 points, or 0.64 per cent, at 5,433.67, while the Nasdaq Composite gained 150.22 points, or 0.87 per cent, to 17,331.95 at the opening bell. REUTERS