US: Wall Street opens higher with focus on inflation data

WALL STREET’S main indexes opened higher on Wednesday (Jan 11) as focus shifted to a key inflation reading due later in the week, which would provide clues on how aggressive the Federal Reserve’s monetary tightening could be this year.

The Dow Jones Industrial Average rose 49.93 points, or 0.15 per cent, at the open to 33,754.03.

The S&P 500 opened higher by 13.10 points, or 0.33 per cent, at 3,932.35, while the Nasdaq Composite gained 52.36 points, or 0.49 per cent, to 10,794.99 at the opening bell. REUTERS