US: Wall St opens higher on rate cut optimism

WALL Street’s main indexes opened higher on Wednesday (Dec 6) as investors were optimistic about rate cuts from the Federal Reserve early next year, after data showed further signs of a cooling labour market.

The Dow Jones Industrial Average rose 59.17 points, or 0.16 per cent at the open, to 36,183.73.

The S&P 500 opened higher by 19.05 points, or 0.42 per cent, at 4,586.23, while the Nasdaq Composite gained 95.71 points, or 0.67 per cent, to 14,325.62 at the opening bell. REUTERS