US: Wall Street opens higher as rate-cut hopes increase
Add BT as a preferred source
WALL Street’s main indexes rose on Wednesday (Jun 5) as investors ramped up bets for an earlier than expected start to interest rate cuts by the Federal Reserve, in the wake of economic reports signalling a weakening labour market and slowing economic growth.
The Dow Jones Industrial Average rose 63.53 points, or 0.16 per cent, at the open to 38,774.82.
The S&P 500 opened higher by 23.14 points, or 0.44 per cent, at 5,314.48, while the Nasdaq Composite gained 117.43 points, or 0.70 per cent, to 16,974.48 at the opening bell. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
