21 days ago
Alberta Prime Times
NEW YORK (AP) — Stocks are opening modestly higher on Wall Street as trading remains unsteady following two solid weekly gains. Japanese stocks ended higher after the Bank of Japan kept its loose monetary policy unchanged, dispelling speculation that it would yield to pressure and join other central banks in raising interest rates to fight inflation. Wall Street saw modest gains before the bell Wednesday as investors await a pair of important economic reports and more corporate earnings results. In other trading, U.S. benchmark crude gained $1.62 to $81.80 per barrel in electronic trading on the New York Mercantile Exchange. The Dow Jones Industrial Average fell 1.1%, while strength in technology stocks helped the Nasdaq composite eke out a 0.1% gain.
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