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

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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

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