The Business Times
business-time-50

US: Wall Street opens slightly higher on rate cut optimism

google-preferred-sourceAdd BT as a preferred source
Published Tue, May 7, 2024 · 09:49 PM
    • The S&P 500 rose 6.5 points, or 0.12 per cent, at the open to 5,187.2​, while the Nasdaq Composite rose 9.1 points, or 0.06 per cent, to 16,358.343 at the opening bell.
    • The S&P 500 rose 6.5 points, or 0.12 per cent, at the open to 5,187.2​, while the Nasdaq Composite rose 9.1 points, or 0.06 per cent, to 16,358.343 at the opening bell. PHOTO: BLOOMBERG

    US STOCK indexes opened slightly higher on Tuesday (May 7), with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal Reserve will ease monetary policy this year.

    The Dow Jones Industrial Average rose 6.7 points, or 0.02 per cent, at the open to 38,858.94.

    The S&P 500 rose 6.5 points, or 0.12 per cent, at the open to 5,187.2​, while the Nasdaq Composite rose 9.1 points, or 0.06 per cent, to 16,358.343 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.

    S&P 500NasdaqDow Jones

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Maritime vessels off Singapore's waters. The war on Iran, which has disrupted global supply chains, entered its 100th day on Jun 6.

    In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    DeepSeek’s rapid global rise proves that elite Chinese AI talents do not have to work for American companies to achieve massive success.

    The returnees: Inside China’s AI talent reversal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More