US STOCKS SNAPSHOT-Wall Street opens higher after July inflation data

Reuters · 08/30 13:32
US STOCKS SNAPSHOT-Wall Street opens higher after July inflation data

- Wall Street's main indexes opened higher on Friday after a key inflation report reiterated price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's September meeting.

The Dow Jones Industrial Average .DJI rose 31.11 points, or 0.08%, at the open to 41,366.16. The S&P 500 .SPX opened higher by 20.78 points, or 0.37%, at 5,612.74, while the Nasdaq Composite .IXIC gained 134.06 points, or 0.77%, to 17,650.49 at the opening bell.


(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com;))