CPI boosts expectations of rate cuts, US stocks open higher

BlockBeats news, on May 15, the decline in US CPI in April boosted expectations of interest rate cuts. The three major US stock indexes opened higher, with the Dow Jones Industrial Average up 156 points, the S&P 500 up 0.4%, and the Nasdaq up 0.5%. The rise of WSB concept stocks cooled down, with GameStop (GME.N) down 15.9% and AMC Cinemas (AMC.N) down 10.5%.