You are here

US: Wall Street opens at six-week high on hopes of dovish Fed

[BENGALURU] US stocks opened at their highest level in six-weeks on Tuesday, with Nasdaq leading the charge, as dovish calls from the European Central Bank (ECB) raised expectations of a similar accommodative stance from the Federal Reserve.

The Dow Jones Industrial Average rose 116.35 points, or 0.45 per cent, at the open to 26,228.88. The S&P 500 opened higher by 17.04 points, or 0.59 per cent, at 2,906.71. The Nasdaq Composite gained 75.95 points, or 0.97 per cent, to 7,920.98 at the opening bell.

REUTERS

sentifi.com

Market voices on: