1 min read 11 Apr 2024, 07:27 PM IST Trade Now
The Dow Jones rose 0.16%, the S&P 500 was higher 0.24%, the Nasdaq gained 0.41%
PremiumUS equities edged higher on Thursday after softer-than-anticipated producer prices data allayed worries that interest rates may stay high for a while.
At the opening bell, the Dow Jones Industrial Average rose 61.75 points, or 0.16 per cent, to 38,523.26. The S&P 500 was higher by 12.31 points, or 0.24 per cent, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41 per cent, to 16,236.20.
A US labor department report showed the Producer Price Index (PPI) rose 0.2 per cent month-on-month in March.
The latest inflation data boosted hopes for interest rate cuts by the Fed this year.
Crude oil
Brent crude futures were down 44 cents to $90.04 a barrel at 1321 GMT, while US West Texas Intermediate crude futures lost 58 cents to $85.63 a barrel.
Bullion
Gold prices strengthened on Thursday after US producer prices data.
Spot gold rose 0.6 per cent at $2,346.23 per ounce, as of 1347 GMT. US gold futures was up 0.6 per cent at $2,362.20.
Spot silver edged 0.6 per cent higher to $28.14 per ounce.
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Published: 11 Apr 2024, 07:27 PM IST
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