Wall Street

Wall St heads for weekly gains on signs of cooling inflation

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Reuters

(Reuters) – Wall Street’s main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on easing bets of another super-sized interest rate hike by the Federal Reserve after softer-than-expected inflation data this week. The Dow Jones Industrial Average rose 94.05 points, or 0.28%, at the open to 33,430.72. The S&P 500 opened higher by 17.75 points, or 0.42%, at 4,225.02, while the Nasdaq Composite gained 86.40 points, or 0.68%, to 12,866.31 at the opening bell. (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Anil D’Silva)

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