Wall Street Rises as Inflation Cools, S&P 500 Near Record Highs

Stock indexes opened higher on Wall Street on Friday, with the S&P 500 nearing record highs. This rise follows soft inflation data, which has led to expectations that the Federal Reserve will now focus on strengthening the labor market and continue to ease interest rates.

Stock indexes on Wall Street opened higher on Friday, with the S&P 500 approaching record highs following soft inflation data. This development has raised expectations that the Federal Reserve could now concentrate on bolstering the labor market and continue easing interest rates.

The Dow Jones Industrial Average began trading up by 52.8 points, or 0.13%, reaching 42227.95. The S&P 500 opened with a rise of 10.0 points, or 0.17%, hitting 5755.36. Meanwhile, the Nasdaq Composite saw an increase of 38.5 points, or 0.21%, to 18228.778 at the opening bell.

This positive trend reflects investor optimism amid signs that inflation pressures are easing, allowing for potential policy adjustments by the Federal Reserve to support economic growth and job creation.

(With inputs from agencies.)