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Nasdaq, S&P 500 open higher as cool inflation data lifts rate cut bets
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Nasdaq and the benchmark S&P 500 opened higher on Friday as a report closely watched by the Federal Reserve showed inflation moderating in line with expectations, strengthening hopes for early interest rate cuts this year.
The Dow Jones Industrial Average fell 71.67 points, or 0.18%, at the open to 39,092.39. The S&P 500 opened higher by 5.61 points, or 0.10%, at 5,488.48, while the Nasdaq Composite gained 32.41 points, or 0.18%, to 17,891.10 at the opening bell.
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Read more on economictimes.indiatimes.com
About this in other media
Boost for bonds as European data suggests rate cuts investmentnews.com /5 months ago
Gold prices eye second weekly gain on boosted rate cut bets economictimes.indiatimes.com /5 months ago
Brent rises toward $86 as cooling US jobs market buoys rate cut hopes economictimes.indiatimes.com /5 months ago
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