US Stocks Open Muted as Oil Prices Climb Ahead of Earnings
· Business · Economic Times, Wall Street Journal, Bloomberg
Wall Street's main indexes opened muted on Monday as investors monitored rising oil prices and awaited crucial bank earnings and inflation data. The Dow Jones Industrial Average rose 92 points, or 0.18 percent, to open at 51,746.95. The S&P 500 gained 4.18 points, or 0.05 percent, reaching 7,815.72 at the opening bell. Meanwhile, the Nasdaq Composite fell 12.89 points, or 0.05 percent, to 27,353.28.
Why it matters
Global investors are closely tracking inflation figures and upcoming corporate earnings to gauge the US central bank's future interest rate path.
Read the original report — Economic Times
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