US Stocks Open Higher as Brent Falls 2% and Fed Hike Bets Recede
Updated
Updated · Yahoo Finance · Aug 14
US Stocks Open Higher as Brent Falls 2% and Fed Hike Bets Recede
3 articles · Updated · Yahoo Finance · Aug 14
Summary
US stocks traded in the green by 9:40 a.m. ET Thursday, with gains spread across most sectors after a fresh inflation reading cooled expectations for a September Federal Reserve rate hike.
Real Estate, Communication Services and Consumer Staples led the advance, while semiconductor and computer hardware names lifted Technology.
Energy was the main laggard as Brent crude fell more than 2% to about $86 a barrel; gold and bitcoin were little changed.
The move extended a market stabilization trend driven by softer inflation, lower oil prices and solid earnings, setting up the record-high S&P 500 seen in subsequent trading.