The S&P 500 and Nasdaq kicked off the week with slight gains at the opening bell, buoyed by the latest inflation data showing a moderation in consumer prices. The softening inflation figures have fueled expectations of an imminent interest rate cut by the Federal Reserve, although gains were capped by higher Treasury yields.
At the open, the Dow Jones Industrial Average saw a marginal increase of 0.00% to 39,807.93 points.
The S&P 500 started the day 0.07% higher, up by 3.62 points to 5,257.97, while the Nasdaq Composite edged up by 0.11%, gaining 17.59 points to 16,397.05.
Investors are closely monitoring the evolving economic landscape and the Federal Reserve's response, as they gauge the potential impact on market dynamics in the coming days.
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