Nasdaq, S&P 500 open higher as cool inflation data lifts rate cut bets
The Dow Jones Industrial Average fell 71.67 points, or 0.18%, at the open to 39,092.39.
The tech-heavy and the benchmark S&P 500 opened higher on Friday as a report closely watched by the Federal Reserve showed inflation moderating in line with expectations, strengthening hopes for early interest rate cuts this year.The Industrial Average fell 71.67 points, or 0.18%, at the open to 39,092.39. The S&P 500 opened higher by 5.61 points, or 0.10%, at 5,488.48, while the Nasdaq Composite gained 32.41 points, or 0.18%, to 17,891.10 at the opening bell.
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Source: Stocks-Markets-Economic Times
