U.S. stocks open higher amid more signs of slowing inflation

U.S. stocks opened moderately higher on Wednesday after a report on wholesale prices showed growth slowed by more than economists had expected last month — another sign that inflation has continued to recede since peaking over the summer. The S&P 500 SPX, +0.39% increased by 15 points, or 0.

4%, to 4,005. The Dow Jones Industrial Average DJIA, +0.18% increased by 60 points, or 0.2%, to 33,971. The Nasdaq Composite COMP, +0.79% gained 82 points, or 0.7%, to 11,176. Data released before the open showed U.S. wholesale prices slid 0.5% in December, the biggest decline since April 2020.

Philippines Philippines Latest News, Philippines Philippines Headlines

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

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