Wednesday, 19 May 2021 07:36 AM MYT
The three main indexes opened higher after Walmart, the world’s biggest retailer, raised its full-year earnings forecast and Home Depot reported quarterly same-store sales above estimates. Latest data showed US homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.
Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.
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