Stocks Open Higher as August CPI Accelerates, Nasdaq Jumps 0.8%
IXIC sits 27% above its 52-week low of $20,690.249 on light trading volume (0.1× avg).
Summary
U.S. stocks opened higher on Friday, with the Nasdaq up 0.8% to 26,289.41, after August CPI data showed consumer prices accelerated. The Dow rose 140 points and the S&P 500 gained 0.59%. This follows a rough week where the Nasdaq fell to 26,081.72 on Thursday amid oil-driven declines. The positive open suggests investors are looking past the inflation acceleration, possibly focusing on other factors. Watch for whether the gains hold through the session and any further reaction to the CPI details.
At the time of this announcement, IXIC was trading at $26,343.22 on NASDAQ in the Finance sector. The 52-week trading range was $20,690.25 to $27,190.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.