US: Wall Street opens subdued on last day of cheery 2023, rate cuts in view

WALL Street’s main indices opened muted on the final day of an upbeat year which has seen the benchmark S&P 500 rally close to a record peak due to growing expectations the Federal Reserve will cut interest rates in early 2024.

The Dow Jones Industrial Average fell 8.47 points or 0.02 per cent at the open to 37,701.63. The S&P 500 opened lower by 0.47 point or 0.01 per cent at 4,782.88, while the Nasdaq Composite gained 4.06 points or 0.03 per cent to 15,099.20 at the opening bell. REUTERS