US: Wall St rises at open as investors cheer rate cut prospects

WALL Street’s main indexes opened higher on Wednesday (Nov 29) as Treasury yields slipped to multi-month lows on growing optimism about an interest rate cut from the Federal Reserve next year.

The Dow Jones Industrial Average rose 19.82 points, or 0.06 per cent, at the open to 35,436.80.

The S&P 500 opened higher by 16.95 points, or 0.37 per cent, at 4,571.84, while the Nasdaq Composite gained 85.36 points, or 0.60 per cent, to 14,367.11 at the opening bell. REUTERS