S&P 500, Nasdaq open higher on soft inflation data, chip boost
The Dow Jones Industrial Average fell 35.09 points, or 0.09%, at the open to 38,677.12.
The and S&P 500 rose on Thursday, led by a jump in chip stocks, after lower-than-forecast producer inflation data fanned expectations of interest rate cuts from the Federal Reserve.The S&P 500 opened higher by 20.90 points, or 0.39%, at 5,441.93, while the Nasdaq Composite gained 106.83 points, or 0.61%, to 17,715.27 at the opening bell.
The Industrial Average fell 35.09 points, or 0.09%, at the open to 38,677.12.
More to come....
Source: Stocks-Markets-Economic Times
