Wall Street set to open higher as inflation worries ease [Reuters]
OREXIGEN THERAPEUTICS (OREX)
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Source: Reuters
Wall Street set to open higher as inflation worries ease | Reuters 3 Min Read (Reuters) - U.S. stock index futures pointed to a higher opening for Wall Street on Monday, building on gains from last week’s strong February jobs data that allayed fears of rising inflation and faster interest rate hikes. Wall Street’s main indexes closed up nearly 2 percent on Friday after data showed U.S. job additions in February grew by a strong clip but wage growth was sluggish. Traders of U.S. short-term interest-rate futures kept bets the Federal Reserve will stick to three rate hikes this year. A month ago, the markets were gripped by fears of higher wages leading to price pressures, triggering a selloff that punctured the stock market’s strong rally in 2018. However, the S&P and the Dow have nearly reclaimed those losses. The S&P 500 .SPX is just 3 percent below the record highs hit on Jan. 26 and the Dow .DJI is 4.8 percent away from its peak. Rapid gains in technology stocks have already powered
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