Commodities

Wall Street at record as data dulls rate hike chances

U.S. stocks were slightly higher at the open on Friday as June consumer price index data indicated benign inflation that could test the Federal Reserve's resolve to raise interest rates for a third time this year, while investors parsed earnings reports from big banks.

Cautious Fed sends stocks to record highs, dollar dips

Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.