Wall Street: Wall Street Opens in Green After US Inflation and Results - News Bulletin 247

Wall Street Opens Higher After Inflation, Bank Results

LONDON – U.S. shares opened higher on Tuesday, and Treasury yields inched down, as investors digested an expected slight pick-up in inflation alongside a raft of moderately positive quarterly results from big banks. The S&P 500 opened up 0.5% with the Nasdaq up 0.9% after the data that showed U.S. consumer prices increased 0.3% in June, in line with forecasts, but the largest gain since January. The data likely marks the start of a tariff-induce…

Wall Street: Wall Street opens in green after US inflation and results - News Bulletin 247

(Reuters) – The New York Stock Exchange opened up on Tuesday, investors evaluating the latest news from the Front of results and that of economic data, while commercial negotiations continue between US President Donald Trump and his global partners. In the first exchanges, the Dow Jones index earns 6.76 points, or 0.02%, at 44,466.41 points and the Standard & Poor’s 500, wider, increased from 0.51% to 6,300.84 points. The Nasdaq Composite takes …

Uptick in CPI inflation complicates case for rate cuts

The Consumer Price Index increased 0.3% in June, driven by rising costs in housing. The reading lessens the probability that the Federal Reserve cuts interest rates at its next meeting later this month despite pressure from President Donald Trump.