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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
Gold prices eye second weekly gain on boosted rate cut bets economictimes.indiatimes.com /1 week ago
Brent rises toward $86 as cooling US jobs market buoys rate cut hopes economictimes.indiatimes.com /1 week ago
Core inflation figures 'final nail in the coffin' for hopes of June BoE rate cut investmentweek.co.uk /1 week ago
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