The Business Times
business-time-50

US: S&P, Nasdaq open higher as softening inflation fans rate cut bets

google-preferred-sourceAdd BT as a preferred source
Published Mon, Apr 1, 2024 · 09:42 PM
    • The S&P 500 opened higher by 3.62 points, or 0.07 per cent, at 5,257.97, while the Nasdaq Composite gained 17.59 points, or 0.11 per cent, to 16,397.05 at the opening bell.
    • The S&P 500 opened higher by 3.62 points, or 0.07 per cent, at 5,257.97, while the Nasdaq Composite gained 17.59 points, or 0.11 per cent, to 16,397.05 at the opening bell. PHOTO: AFP

    THE S&P 500 and the Nasdaq inched higher at the open on Monday (Apr 1) after the latest inflation print showing moderating consumer prices bolstered hopes of an early interest rate cut by the Federal Reserve, although higher Treasury yields kept a lid on gains.

    The Dow Jones Industrial Average rose 0.56 points, or 0.00 per cent, at the open to 39,807.93.

    The S&P 500 opened higher by 3.62 points, or 0.07 per cent, at 5,257.97, while the Nasdaq Composite gained 17.59 points, or 0.11 per cent, to 16,397.05 at the opening bell. 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.

    S&P 500NasdaqDow Jones

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

    That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

    The trio reported combined net interest income of S$8.04 billion in Q1, breaching S$8 billion for the 14th straight quarter.

    More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings

    The Business Times looks at what is fuelling the surge in these tiny tech counters, and whether the momentum can last.

    These little-known SGX tech stocks are beating the market. What’s driving them up? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More