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US STOCKS SNAPSHOT-Wall Street opens higher after July inflation data
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US STOCKS SNAPSHOT-Wall Street opens higher after July inflation data
Sep 2, 2024 5:42 PM

Aug 30 (Reuters) - Wall Street's main indexes opened

higher on Friday after a key inflation report reiterated price

pressures were moderating, cementing bets for an interest-rate

cut at the Federal Reserve's September meeting.

The Dow Jones Industrial Average rose 31.11 points,

or 0.08%, at the open to 41,366.16. The S&P 500 opened

higher by 20.78 points, or 0.37%, at 5,612.74, while the Nasdaq

Composite gained 134.06 points, or 0.77%, to 17,650.49

at the opening bell.

(Reporting by Purvi Agarwal in Bengaluru)

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