US: Wall St opens higher as focus shifts to economic data for interest rate cues

WALL Street’s main indexes opened higher on Monday (Aug 28) ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve’s interest rate path, while China’s measures to boost its markets provided further support.

The Dow Jones Industrial Average rose 94.74 points, or 0.28 per cent, at the open to 34,441.64.

The S&P 500 opened higher by 20.32 points, or 0.46 per cent, at 4,426.03, while the Nasdaq Composite gained 104.71 points, or 0.77 per cent, to 13,695.36 at the opening bell. REUTERS