S&P, Nasdaq open higher as softening inflation fans rate cut bets

The S&P 500 and the Nasdaq inched higher at open Monday after the latest inflation print showing moderating consumer prices bolstered hopes of an early interest rate cut by the Federal Reserve, although higher Treasury yields kept a lid on gains.

The Dow Jones Industrial Average rose 0.56 points, or 0.00%, at the open to 39,807.93.

The S&P 500 opened higher by 3.62 points, or 0.07%, at 5,257.97, while the Nasdaq Composite gained 17.59 points, or 0.11%, to 16,397.05 at the opening bell.

More to come....