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.
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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
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