US: S&P, Dow open subdued as rate cut optimism fades

THE S&P 500 and Dow Jones opened muted on Tuesday (Nov 7) as optimism over potential rate cuts from the Federal Reserve next year waned, with investors on tenterhooks ahead of more commentary from central bank officials.

The Dow Jones Industrial Average fell 20.21 points, or 0.06 per cent, at the open to 34,075.65.

The S&P 500 opened higher by 0.23 points, or 0.01 per cent, at 4,366.21, while the Nasdaq Composite gained 37.01 points, or 0.27 per cent, to 13,555.79 at the opening bell. REUTERS