US: Wall Street opens higher on Fed rate cut hopes; earnings in focus
[NEW YORK] Wall Street opened higher on Wednesday (Aug 6), as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and investors assessed a fresh wave of corporate earnings.
The Dow Jones Industrial Average rose 84.9 points, or 0.19 per cent, at the open to 44196.61. The S&P 500 rose 10.1 points, or 0.16 per cent, to 6309.3, while the Nasdaq Composite rose 38.7 points, or 0.18 per cent, to 20955.222. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
MSCI proposes standalone status for Indonesia; Jakarta stocks plunge 8%
Palm oil stocks slide after Singapore begins looking into which firms responsible for haze
High Court rules against Julius Baer’s Singapore trust arm in US$50 million family trust dispute
Why is the haze so bad in South-east Asia this year?
