Wall Street opens higher after US inflation data
2018-03-13 15:01:45 GMT (Economies.com)
Wall Street opens higher after US inflation data

US stock indices opened the second session of the week higher after a spate of data from the world's largest economy, which showed consumer prices slowed down in February, in turn curbing expectations of four Federal Reserve rate hikes this year. 

 

Earlier US data showed consumer prices slowed down to 0.2% as expected from 0.5% in January, while core prices slowed down as well to 0.2% from 0.3% in January. 

 

On a yearly basis, consumer prices accelerated to 2.2% as expected from 2.1% in January, while core prices steadied at 1.8% in line with expectations. 

 

As of 02:45 GMT, Standard and Poor's 500 rose 0.36%, or 9.97 points to 2,792.99, while Dow Jones added 0.41%, or 102.25 points to 25,280.86. 

 

Tech-heavy NASDAQ edged up 0.24%, or 18.56 points to 7,606.90. 

 
 
 
  Symbol Last Change Chg.%
1.1657
0.0065
0.5633%
1.3263
-0.0001
0.0041%
16.445
-0.113
0.682%
69.320
4.947
7.686%
75.59
2.53
3.46%
1269.655
-10.115
0.790%
 
 
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