4u Created
Image default

Wall Street opens higher as focus shifts to inflation data By Reuters


© Reuters. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar


(Reuters) – Wall Street’s main indexes opened higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.

The rose 7.78 points, or 0.02%, at the open to 32,159.49. The opened higher by 16.31 points, or 0.40%, at 4,083.67, while the gained 62.63 points, or 0.52%, to 12,174.94 at the opening bell.

Source link

Related posts

Southwest cancels thousands more U.S. flights as weather stays bitter By Reuters

SEC general counsel announces departure from public service By Cointelegraph

Wall Street falls as recession worries persist By Reuters