US: Wall St jumps at open after selloff on Fed rate cut caution

WALL Street’s main indexes broadly rose at the open on Thursday (Dec 19), a day after the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year wrong footed some investors and pummeled US stocks.

The Dow Jones Industrial Average rose 137.3 points, or 0.32 per cent, at the open to 42,464.13.

The S&P 500 rose 40.6 points, or 0.69 per cent to 5,912.71?, while the Nasdaq Composite rose 173.0 points, or 0.89 per cent, to 19,565.664. REUTERS