Wall Street’s major stock indices opened mixed on Friday, as investors assessed a set of economic data to gauge the Federal Reserve’s interest rate outlook amid the escalating Middle East turmoil.
At the opening bell, the Dow Jones Industrial Average rose 11.4 points, or 0.02%, to 46,689.24. The S&P 500 fell 0.9 points, or 0.01%, to 6,673.49, while the Nasdaq Composite rose 113.7 points, or 0.51%, to 22,425.704.
Investors’ focus shifted to US inflation figure due later on Friday. The Federal Reserve’s favored price gauge – PCE index – is expected to show inflation remaining stubbornly high.
