US: Wall St opens higher as recent data fuels hopes of rate cuts

WALl Street’s main stock indexes opened higher on Thursday (Apr 4) as recent economic reports boosted the prospect of monetary policy easing later this year, while investors awaited policymakers to offer clues on the timing of the cuts.

The Dow Jones Industrial Average rose 216.5 points, or 0.55 per cent, at the open to 39,343.6.

The S&P 500 rose 32.6 points, or 0.62 per cent, at the open to 5,244.05​, while the Nasdaq Composite rose 141.1 points, or 0.87 per cent, to 16,418.567 at the opening bell. REUTERS