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US: Wall Street opens nearly flat after CPI-driven rally

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Published Thu, May 16, 2024 · 09:49 PM
    • The Dow Jones Industrial Average rose 4.34 points, or 0.01%, at the open to 39,912.34.
    • The Dow Jones Industrial Average rose 4.34 points, or 0.01%, at the open to 39,912.34. PHOTO: BLOOMBERG

    WALL Street’s main indexes were little changed at the open on Thursday (May 16), a day after hitting all-time highs as a tepid inflation report bolstered hopes of interest-rate cuts.

    The Dow Jones Industrial Average rose 4.34 points, or 0.01%, at the open to 39,912.34.

    The S&P 500 opened higher by 1.92 points, or 0.04%, at 5,310.07, while the Nasdaq Composite dropped 4.28 points, or 0.03%, to 16,738.11 at the opening bell. REUTERS

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