US: S&P 500, Dow open higher as yields inch lower on rate cut bets

THE S&P 500 and the Dow opened higher on Friday (Nov 17) as Treasury yields extended declines from the previous session after recent weak economic data supported bets of a dovish pivot by the Federal Reserve next year.

The Dow Jones Industrial Average rose 19.35 points, or 0.06 per cent, at the open to 34,964.82.

The S&P 500 opened higher by 1.31 points, or 0.03 per cent, at 4,509.55, while the Nasdaq Composite dropped 12.24 points, or 0.09 per cent, to 14,101.44 at the opening bell. REUTERS