Wall Street opens higher after timid inflation data
2017-08-11 15:40:23 GMT (Economies.com)
Wall Street opens higher after timid inflation data

US stock indices opened higher on Friday following an array of data from the US, the world's largest economy, which showed  consumer prices rose 0.1% in July, up from no-change in June, and missing expectations of 0.2%.

 

Core prices steadied at 0.1%, also below expectations of 0.2%, and on a yearly basis, prices accelerated to 1.7%, missing forecasts of 1.8%, while core prices steadied at 1.7% in line with expectations last month. 

 

The data reshuffled the bets on the chances of a Federal Reserve interest rate hike later this year, and stemmed the losses on Wall Street sustained in a risk-aversion spree amid growing US-North Korea tensions this week. 

 

As of 04:07 GMT, Standard and Poor's 500 rose 0.30%, or 7.34 points to 2,445.50, while Dow Jones advanced 0.21%, or 46.32 points to 21,890.33. 

 

Tech-heavy NASDAQ accumulated 0.48%, or 29.82 points to 6,245.56. 

 
 
 
  Symbol Last Change Chg.%
1.1759
-0.0070
0.5880%
1.2872
-0.0123
0.9461%
17.024
-0.076
0.447%
48.705
-0.060
0.123%
52.83
1.80
3.53%
1285.890
-4.485
0.348%
 
US
 
Europe
 
Asia