US: Wall St opens higher as some chip stocks bounce back after selloff
Wall Street’s main indexes opened higher on Thursday (Apr 18) as some chip stocks rebounded, while investors digested commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts.
The Dow Jones Industrial Average rose 93.90 points, or 0.25 per cent, at the open to 37,847.21.
The S&P 500 opened higher by 9.31 points, or 0.19 per cent, at 5,031.52, while the Nasdaq Composite gained 22.32 points, or 0.14 per cent, to 15,705.70 at the opening bell. REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Video game maker Ubisoft swings to full-year operating profit on record bookings
Goldman Sachs hires from rivals to expand in mid-market deals
Seatrium, CDL, Jardine C&C mauled after being booted out of MSCI Singapore index
US: S&P 500, Nasdaq hit intraday record highs after inflation data
CapitaLand India Trust appoints new CEO-designate
OUE Healthcare proposes sale of mixed commercial site for RM125 million