U.S. stocks open higher as investors weigh CPI inflation report

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks opened higher Wednesday as investors digest fresh data showing headline inflation eased in March. The Dow Jones Industrial Average was up 0.4%...

U.S. stocks opened higher Wednesday as investors digest fresh data showing headline inflation eased in March. The Dow Jones Industrial Average DJIA, +0.47% was up 0.4% soon after the bell, while the S&P 500 SPX, +0.50% gained 0.5% and the technology-heavy Nasdaq Composite COMP, +0.62% rose 0.7%, according to FactSet data, at last check.

Inflation, as measured by the consumer-price index, rose 0.1% in March for a year-over-year rate of 5%, according to a report from the Bureau of Labor Statistics on Wednesday. That’s down from 6% in the 12 months through February. Core CPI, which excludes energy and food prices, increased 0.4% last month. The core rate rose 5.6% over the past 12 months, edging up from a 5.5% year-over-year rate in February.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Salamkhabar

Take a look at our post below.

You’re speaking to soon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Investors prepare for March CPI reportUS stocks trade mixed as investors await big inflation report
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »