Wall St gains as inflation data bolsters bets of smaller rate hike

Wall St gains as inflation data bolsters bets of smaller rate hike

Wall Street‘s main indexes climbed on Tuesday after consumer prices in the world’s largest economy rose in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its next meeting. Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. On a … Read more

US stocks rise after selloff, labour data on tap

US stocks rise after selloff, labour data on tap

US stock indexes opened slightly higher on Wednesday after a selloff in the previous session, with investors awaiting more comments from Federal Reserve Chair Jerome Powell and job openings data. The Dow Jones Industrial Average rose 15.62 points, or 0.05%, at the open to 32,872.08. The S&P 500 opened higher by 1.18 points, or 0.03%, … Read more