US: Rate-cut hopes prompt higher Wall St open
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WALL Street’s main stock indexes opened higher on Thursday (Aug 1), boosted by the Federal Reserve’s signals of a September rate cut and a rosy sales forecast from Meta, although a pullback in chip stocks kept gains in check.
The Dow Jones Industrial Average rose 74.2 points, or 0.18 per cent, at the open to 40,916.96.
The S&P 500 rose 15.5 points, or 0.28 per cent, at the open to 5,537.84, while the Nasdaq Composite rose 47.6 points, or 0.27 per cent, to 17,647.032 at the opening bell. REUTERS
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