US: Wall St inches higher at open on rate-cut hopes

WALL Street’s main indexes edged higher at open on expectations that the Federal Reserve was done with its monetary tightening, while investors geared up for commentary by a slew of policymakers later in the week.

The Dow Jones Industrial Average rose 31.29 points, or 0.09 per cent, at the open to 34,092.61.

The S&P 500 opened higher by 5.93 points, or 0.14 per cent, at 4,364.27, while the Nasdaq Composite gained 35.80 points, or 0.27 per cent, to 13,514.08 at the opening bell. REUTERS