Morning Report 11 May 18: Local shares poised to rise after Wall St rally

US markets posted firm gains after  investors were comforted by tame inflation data. After being up 252 points, the Dow Jones closed higher by 197 points or 0.8%. The S&P 500 index rose by 0.9% and the Nasdaq index lifted by 65 points or 1.0%.

 

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