Wall Street opens higher as fresh inflation data allays rate jitters
The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.
's main stock indexes opened higher on Thursday after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the Federal Reserve this year alive.The rose 61.75 points, or 0.16%, at the open to 38,523.26.
The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.
Source: Stocks-Markets-Economic Times
