US: Wall St opens higher as Fed pause bets remain unchanged after economic data

WALL Street’s main indexes opened higher on Thursday (Sep 14) as hotter-than-expected economic data did not dent hopes of a pause in rate hikes in September, while investors awaited a highly anticipated Arm Holdings’ stock market debut.

The Dow Jones Industrial Average rose 111.97 points, or 0.32 per cent, at the open to 34,687.50.

The S&P 500 opened higher by 20.34 points, or 0.46 per cent, at 4,487.78, while the Nasdaq Composite gained 76.17 points, or 0.55 per cent, to 13,889.76 at the opening bell. REUTERS