While you were sleeping: Inflation firms hike bets

Tue, 17 Nov 2015

By Margreet Dietz Nov. 18 (BusinessDesk) - Wall Street climbed after better-than-expected earnings from US retailers Wal-Mart and Home Depot after the latest US inflation data bolstered the prospect of a Federal Reserve interest rate increase next month. In New York trading at about 12:30pm, the Dow Jones industrial average advanced 42 percent. At about 12.15pm trading, the Standard & Poor’s 500 Index increased 0.59 percent while the Nasdaq Composite Index climbed 0.71 percent. Gains in shares of Wal-Mart Stores and those of Home Depo...

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