Wall Street Bounces Back: Inflation Eases and Intel Shines
Wall Street opened positively as investors reacted to a lower-than-expected inflation report. Additionally, Intel's strong performance contributed to a positive market outlook. At 9:30 a.m., major indices, including the Dow Jones, S&P 500, and Nasdaq, showed notable gains, enhancing investor confidence across sectors.
In a positive turn for financial markets, Wall Street experienced a strong opening on Friday, driven by investor optimism following a reassuring inflation report that came in cooler than expected.
Intel's robust earnings added to the market's buoyant mood, further propelling key indices upward. By 09:30 a.m., the Dow Jones Industrial Average surged 221.66 points, marking a 0.47% increase to reach 46,956.27.
The S&P 500 followed suit with a rise of 43.88 points, or 0.66%, hitting 6,782.32, while the Nasdaq Composite climbed 200.07 points, or 0.87%, to 23,141.87, reflecting broad investor confidence.
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