2024-02-16T16:21:27+00:00
A-
A
A+
/ The main indices on Wall Street did not witness much movement at the opening on Friday, after the release of a report on producer prices in the United States, which included data that exceeded expectations and undermined hopes for an imminent interest rate cut by the US Federal Reserve. The producer price index in the United States, the largest economy in the world, fell to 0.9 percent on an annual basis in January, compared to expectations that it would decline to 0.6 percent, from its level recorded in December at 1 percent. On a monthly basis, the producer price index in America rose in January to 0.3 percent, compared to -0.1 percent in December.
Stock movements
The Dow Jones Industrial Average fell 21.41 points, or 0.06 percent, to 38,751.71.
The Standard & Poor’s 500 index opened up 1.40 points, or 0.03 percent, to 5,031.13.
The Nasdaq Composite Index rose 4.26 points, or 0.03 percent, to 15,910.43 points.