Wall Street opens in rise with the slowdown in growth in consumer prices

US stocks opened in bullish Tuesday after growth slowed Consumer prices have reduced fears that inflation The higher will force the Federal Reserve to cut stimulus in advance.

The Dow Jones Industrial Average rose 37.27 points, or 0.11%, to 34,906.90 points.

The Standard & Poor’s 500 index opened, in Up 10.60 points, or 0.24%, to 4479.33 points, and the Nasdaq Composite Index rose 62.87 points, or 0.42%, to 15,168.45 points.

BIM Capital CEO Muhannad Al-Ama said in an interview with Al-Arabiya that the decline in consumer prices is supported by two reasons: greater quantities of new ones auto.

He expected the US economy and markets to return to strength performance with optimism on the threshold of a new phase of financial policies and Federal Reserve policies that will not be this amount of easing for a long time, and then the markets have begun to prepare for a phase of Fed cutbacks, as it will inevitably it approaches.

Basic consumer prices in the US rose at the slowest pace of the past 6 months in August, indicating that inflation is likely to have peaked, but could remain high for a while given continued supply constraints.

The U.S. Department of Labor said on Tuesday that its consumer price index, which excludes food and energy volatility, rose 0.1% last month, the smallest increase since February and after a 0% rise. , 3% in July.

The so-called core CPI rose 4% year-on-year after advancing 4.3% in July.

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