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US stocks open muted after hot PPI keeps smaller rate cut in view
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Wall Street's main indexes were subdued at the open on Thursday as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the Federal Reserve firmly on the table.
The Dow Jones Industrial Average fell 0.4 point at the open to 40862.11.
The S&P 500 rose 3.3 points, or 0.06%, at the open to 5557.48, while the Nasdaq Composite rose 18.4 points, or 0.11%, to 17413.889, at the opening bell.
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. Read more on economictimes.indiatimes.com
About this in other media
US stocks slip at open as investors pause after rate-cut driven surge economictimes.indiatimes.com /1 month ago
Americans are desperate for relief. The rate cut is a glimmer of hope. livemint.com /1 month ago
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut abcnews.go.com /1 month ago
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