The Business Times
business-time-50

US: Wall St rises as July inflation data fuels Fed rate pause hopes

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 10, 2023 · 09:42 PM
    • The S&P 500 opened higher by 19.45 points, or 0.44 per cent, at 4,487.16, while the Nasdaq Composite gained 96.24 points, or 0.70 per cent, to 13,818.25.
    • The S&P 500 opened higher by 19.45 points, or 0.44 per cent, at 4,487.16, while the Nasdaq Composite gained 96.24 points, or 0.70 per cent, to 13,818.25. PHOTO: AFP

    WALL Street’s main indexes opened higher on Thursday (Aug 10) after milder-than-feared July consumer prices data fuelled hopes the Federal Reserve could leave interest rates on hold next month.

    The Dow Jones Industrial Average rose 108.18 points, or 0.31 per cent, at the open to 35,231.54.

    The S&P 500 opened higher by 19.45 points, or 0.44 per cent, at 4,487.16, while the Nasdaq Composite gained 96.24 points, or 0.70 per cent, to 13,818.25 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.

    S&P 500NasdaqDow Jones

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More