Wall Street Opens Higher on AI Chip Forecast and Robust Economic Data

Wall Street's major indexes started higher on Thursday, buoyed by Nvidia's AI chip forecast and robust economic data, leading to positive market sentiment. The Dow Jones Industrial Average rose by 0.62%, the S&P 500 by 0.27%, and the Nasdaq Composite by 0.31% at the opening bell.

Wall Street saw a strong opening on Thursday, driven by Nvidia's promising AI chip forecast and encouraging economic data.

The Dow Jones Industrial Average increased by 254.08 points, or 0.62%, setting a positive tone for the day.

The S&P 500 and Nasdaq Composite also opened higher, gaining 0.27% and 0.31% respectively, reflecting investor optimism and expectations of a September interest rate cut.

(With inputs from agencies.)