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US: Wall Street opens higher on rate cut hopes; earnings in spotlight

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Published Tue, Aug 5, 2025 · 09:45 PM
    • Gains are buoyed by optimism over potential interest rate cuts by the US Federal Reserve.
    • Gains are buoyed by optimism over potential interest rate cuts by the US Federal Reserve. PHOTO: REUTERS

    [NEW YORK] Wall Street futures opened higher on Tuesday (Aug 5), supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of corporate earnings.

    The Dow Jones Industrial Average rose 26.4 points, or 0.06 per cent, at the open to 44200.07. The S&P 500 rose 6.7 points, or 0.11 per cent, to 6336.63​, while the Nasdaq Composite rose 38.5 points, or 0.18 per cent, to 21092.097.

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