Wall Street edges higher at the open after PPI data
10:35 am Thursday, November 14th, 2024
(Reuters) – Wall Street’s main indexes edged higher at the open on Thursday after a broadly in line reading of producer prices data, with investors awaiting Federal Reserve Chair Jerome Powell’s comments later in the day for clues on the outlook for interest rates.
The Dow Jones Industrial Average rose 74.2 points, or 0.17%, at the open to 44,032.38. The S&P 500 rose 4.3 points, or 0.07%, at the open to 5,989.68, while the Nasdaq Composite rose 25.4 points, or 0.13%, to 19,256.09 at the opening bell.
(Reporting by Lisa Mattackal in Bengaluru; Editing by Shounak Dasgupta)
