Wall Street Rises on More Signs of Cooling Inflation

By Reuters
Reuters
Reuters
August 11, 2022 Updated: August 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.

Reuters