SNAPSHOT Wall St opens higher as softer PCE data supports rate-pause hopes

snapshot-wall-st-opens-higher-as-softer-pce-data-supports-rate-pause-hopes
SNAPSHOT Wall St opens higher as softer PCE data supports rate-pause hopes

Wall Street’s main indexes opened higher on Friday as a result of a softer-than-expected reading on a crucial inflation metric. This data has given hope to investors that the Federal Reserve may pause its rate hikes. The Dow Jones Industrial Average (.DJI) rose 216.27 points, or 0.64%, at the open to 33,882.61. Similarly, the S&P 500 (.SPX) opened higher by 28.48 points, or 0.66%, at 4,328.18, while the Nasdaq Composite (.IXIC) gained 136.43 points, or 1.03%, to 13,337.71 at the opening bell. The report was provided by Shashwat Chauhan in Bengaluru and edited by Saumyadeb Chakrabarty. The article adheres to The Thomson RushHourDaily Trust Principles.

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