US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes linger


Reuters | Updated: 06-05-2024 19:08 IST | Created: 06-05-2024 19:08 IST
US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes linger

U.S. stock indexes opened higher on Monday as traders priced in a greater chance of the U.S. Federal Reserve cutting interest rates this year following soft payrolls data last week.

The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42​, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback