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Aug. 8, 2022, 9:33 a.m. EDT

U.S. stocks open higher as investors shrug off expectations for aggressive Fed rate hike

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By Christine Idzelis

U.S. stocks opened higher Monday, as investors shrug off market expectations that the Federal Reserve will raise interest rates by 0.75 percentage point in September after Friday's surprisingly strong labor-market report. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.14% rose 0.5% soon after the opening bell, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.20% gained 0.4% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.25% advanced 0.3%, according to FactSet data, at last check. Investors are looking ahead to Wednesday's reading on the consumer-price index for a gauge of inflation in July, as they seek to assess how aggressive the Fed may hike rates to curb the soaring cost of living.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,273.87
-42.45 -0.14%
Volume: 320.97M
Oct. 5, 2022 5:03p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,783.28
-7.65 -0.20%
Volume: 2.22B
Oct. 5, 2022 5:03p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,148.64
-27.77 -0.25%
Volume: 4.13B
Oct. 5, 2022 5:16p
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