Stock Market News

U.S. stocks open higher ahead of inflation numbers

2023.07.11 09:55


© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Tuesday ahead of key inflation data this week, with investors hopeful that a slowdown in price increases could support a sooner-than-expected end to the Federal Reserve’s policy of rapid monetary tightening.

The rose 112.54 points, or 0.33%, at the open to 34,056.94. The opened higher by 6.02 points, or 0.14%, at 4,415.55, while the gained 24.33 points, or 0.18%, to 13,709.82 at the opening bell.

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