You are here: Home » Reuters » News
Business Standard

Wall Street rises on inflation data but on track for weekly losses

Reuters 

By Sruthi Shankar and Tanya AgrawalREUTERS - U.S. stocks indexes were higher in afternoon trading on Friday, on track to snap a three-day losing streak, as tepid inflation data brought back investors to riskier assets, despite heightened tensions between the United States and North Korea. The weaker-than-expected consumer price data in July, which pointed to benign inflation, could cause the Federal Reserve to hold off from raising rates again this year.The S&P was, however, on track to post its biggest weekly loss in about five months and the Dow on course to record its biggest weekly fall ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 11 2017. 22:40 IST
RECOMMENDED FOR YOU