US: Wall Street rises on Meta boost, soft landing hopes
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WALL Street’s main indexes opened higher on Thursday (Jul 27) on hopes that the Federal Reserve’s policy tightening was ending and the world’s largest economy was heading for a soft landing, while Meta Platforms jumped on a strong third-quarter revenue forecast.
The Dow Jones Industrial Average rose 38.67 points, or 0.11 per cent, at the open to 35,558.79.
The S&P 500 opened higher by 31.51 points, or 0.69 per cent, at 4,598.26, while the Nasdaq Composite gained 191.88 points, or 1.36 per cent, to 14,319.16 at the opening bell. REUTERS
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