US stocks open higher as inflation figure in-line with market forecast
Consumer prices in US rises 7% year-on-year in December 2021
Major indices in the US stock market opened higher on Wednesday as the annual inflation data met the market forecast.
Consumer prices in the US rose 7% year-on-year in December, marking the largest 12-month increase since June 1982, the US Department of Labor data showed.
In December 2021, the consumer price index (CPI) rose 0.5% from the previous month.
The Dow Jones industrial average rose 150 points, or 0.43%, to 36,409 at 9.30 a.m. EDT (1430GMT). The S&P 500 increased 0.56%, to 4,739.
The Nasdaq soared 0.83% to 15,280.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.