U.S. stocks opened marginally higher on Friday and the main indexes were on track to post solid weekly gains. The Dow Jones Industrial Average lately added 41.72 points, or 0.24%, to 17,092.47. The S&P 500 gained 6.70 points, or 0.33%, to 2,020.13. The Nasdaq Composite was up 19.03 points, or l0.40%, to 4,829.82.
U.S. import prices barely declined in September, with oil prices rebounding and the drag on prices from a weak global economy appearing to moderate, Labor Department data showed on Friday. Non-oil import prices declined only 0.2 percent in September.
Gold prices climbed on Friday, on the back of a weaker dollar and renewed speculation that a Fed rate rise may be delayed into next year. Gold for December delivery jumped $11.80, or 1.1%, to $1,156.10 an ounce.
Standard Chartered (STAN) is planning to cut up to 1,000 top jobs at the bank in a drive to reduce costs, the emerging-markets focused bank said on Friday.
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