US: Wall Street muted at open after inflation data

WALL Street’s main indexes had a subdued open on Thursday (Oct 12) after data showed consumer prices rose more than expected in September, although underlying price pressures eased, cementing bets the Federal Reserve will keep interest rates steady next month.

The Dow Jones Industrial Average rose 40.78 points, or 0.12 per cent, at the open to 33,845.65.

The S&P 500 opened higher by 3.99 points, or 0.09 per cent, at 4,380.94, while the Nasdaq Composite gained 12.79 points, or 0.09 per cent, to 13,672.47 at the opening bell. REUTERS