Wall Street Opens Higher on Soft Producer Prices
US stock indexes opened higher on Friday after October producer prices came in slightly softer than expected. The data relieved pressure on the Federal Reserve regarding interest rates.
Insights:
The United States stock indexes opened higher on Friday morning after October producer prices came in softer than expected, easing immediate rate-hike pressures from the FOMC. The Dow Jones Industrial Average rose 193.6 points, or 0.37%, to open at 52,490.68. The move follows a batch of inflation readings that traders are parsing to gauge the central bank's next policy steps.
