(CNA, New York, 14th - Comprehensive International Report) With inflation data coming in below expectations, markets are betting that the U.S. Federal Reserve (Fed) may adopt a more dovish stance on interest rates. Combined with investor assessments of second-quarter earnings from major U.S. banks, the S&P 500 and Nasdaq indices opened higher today.
The Dow Jones Industrial Average opened down 452.3 points, or 0.86%, at 52,046.36.
The S&P 500 index opened up 21.4 points, or 0.28%, at 7,536.7.
The Nasdaq Composite rose 142.3 points, or 0.55%, to 26,015.49 at the open. (Translation: Ho Hung-ju) 1150714
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- Source: CNA (Central News Agency)
- Category: Taiwan