US: Wall St opens higher as Fed rate cut expectations firm

[NEW YORK] Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal Reserve could lower borrowing costs soon in response to the latest jobs data.

The Dow Jones Industrial Average rose 29.8 points, or 0.07 per cent, at the open to 45,430.61.

The S&P 500 rose 16.6 points, or 0.26 per cent, at the open to 6,498.09​, while the Nasdaq Composite rose 105.8 points, or 0.49 per cent, to 21,806.224 at the opening bell. REUTERS