US: Wall St opens higher on China optimism, easing rate hike concerns
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WALL Street’s main indexes opened higher on Monday (Jan 9) on optimism around China reopening its borders, while signs of a cooling labour market boosted bets of a slower pace of interest rate hikes by the Federal Reserve.
The Dow Jones Industrial Average rose 33.78 points, or 0.10 per cent, at the open to 33,664.39.
The S&P 500 opened higher by 15.74 points, or 0.40 per cent, at 3,910.82, while the Nasdaq Composite gained 92.81 points, or 0.88 per cent, to 10,662.11 at the opening bell. REUTERS
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