Wall Street Gains Slightly Amid Moderating Inflation

Wall Street's main indexes opened slightly higher on Wednesday following data indicating that inflation is moderating as expected. This has reinforced anticipations that the Federal Reserve will begin its policy-easing cycle next month. The Dow Jones, S&P 500, and Nasdaq Composite saw modest gains at the opening bell.

Wall Street's main indexes opened slightly higher on Wednesday as new data revealed that inflation is moderating according to expectations. This development has strengthened beliefs that the Federal Reserve will start its policy-easing cycle in the coming month.

The Dow Jones Industrial Average saw an increase of 34.9 points, or 0.09%, reaching 39800.59 at the opening. Additionally, the S&P 500 gained 7.9 points, or 0.15%, hitting 5442.36. Meanwhile, the Nasdaq Composite climbed 40.0 points, or 0.23%, to 17227.64 at the start of the trading day.

(With inputs from agencies.)