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Wall Street edges higher as data dims rate hike chances


By Tanya AgrawalREUTERS - U.S. stocks were slightly higher at the open on Friday as June consumer price index data indicated benign inflation that could test the Federal Reserve's resolve to raise interest rates for a third time this year, while investors parsed earnings reports from big banks.Shares of JPMorgan Citigroup and Wells Fargo, which have run up in the past few weeks, were lower as their earnings reports failed to excite investors.Bank of America, Goldman Sachs and Morgan Stanley will report results next week."Companies that miss or just meet expectations or if they don't give post ...

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First Published: Fri, July 14 2017. 19:35 IST