Wall Street Rises on More Signs of Cooling Inflation

Wall Street Rises on More Signs of Cooling Inflation
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City on Aug. 8, 2022. (Andrew Kelly/Reuters)
Reuters
8/11/2022
Updated:
8/11/2022

Wall Street’s main indexes opened higher on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates.

The Dow Jones Industrial Average rose 142.00 points, or 0.43 percent, at the open to 33,451.51. The S&P 500 opened higher by 17.16 points, or 0.41 percent, at 4,227.40, while the Nasdaq Composite gained 90.02 points, or 0.70 percent, to 12,944.82 at the opening bell.