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8/8, 3:32 PM (Source: TeleTrader)
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Wall Street opens higher with earnings, inflation in focus

Major stock markets in the United States opened higher on Monday after the S&P 500′s third straight weekly gain and ahead of new earnings reports of major companies to be released during the week. Market participants are poised to receive the latest figure for the consumer price index on Wednesday, which will give investors more information on the central bank's next decision.

During the weekend, the United States Senate passed the Inflation Reduction Act of 2022, which aims to fight inflation by lowering the country's deficit, reducing health care costs, and investing in cleaner energy sources. Besides, markets are closely watching the geopolitical situation in Asia after China started a new military drill surrounding Taiwan.

The Dow Jones gained 164 points, or 0.54%, at 9:30 am ET, with Walt Disney rising 1.28%. A minute later, the Nasdaq 100 added 0.26%, and Constellation Energy was leading the gains improving by 3.98%. The S&P 500 rose 0.54%, as Viatris went up by 7.35%

The euro improved by 0.12% against the dollar at 9:28 am ET, selling for $1.0196.

Baha Breaking News (BBN) / JG