Wall Street Rises at Open After Inflation Data, Chip Stocks Rally

Wall Street Rises at Open After Inflation Data, Chip Stocks Rally
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 26, 2023. Brendan McDermid/Reuters
|Updated:
0:00

Wall Street’s main indexes opened higher on Friday after data showing easing inflation pressures added to hopes that the Federal Reserve’s policy tightening was ending, while chip stocks surged as Intel posted a surprise quarterly profit.

The Dow Jones Industrial Average rose 160.77 points, or 0.46 percent, at the open to 35,443.49.