Wall St opens higher as inflation fears ease

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid

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June 27 (Reuters) – Wall Street’s major indices opened higher Monday after a decline in commodity prices allayed inflation concerns and raised expectations that the Federal Reserve would moderate its aggressive policy tightening.

The Dow Jones Industrial Average (.DJI) rose 32.92 points, or 0.10%, when it opened to 31,533.60.

The S&P 500 (.SPX) opened 9.02 points or 0.23% higher at 3,920.76, while the Nasdaq Composite (.IXIC) gained 53.40 points or 0.46% to 11,661.02 on the opening bell.

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Reporting by Amruta Khandekar in Bengaluru

Our Standards: The Thomson Reuters Trust Principles.

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