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Wall St rises on more signs of cooling inflation

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FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

BENGALURU: Wall Street's main indexes opened higher on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates.

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The Dow Jones Industrial Average rose 142.00 points, or 0.43%, at the open to 33,451.51.

The S&P 500 opened higher by 17.16 points, or 0.41%, at 4,227.40, while the Nasdaq Composite gained 90.02 points, or 0.70%, to 12,944.82 at the opening bell. - Reuters


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