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

[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.