US: Wall St opens higher as rate-cut hopes drive momentum
Wall Street’s main indexes opened higher on Friday (Oct 3) as optimism about an imminent interest-rate cut by the Federal Reserve boosted sentiment in the final trading session of a week that saw volatility due to the US government shutdown.
The Dow Jones Industrial Average rose 64.2 points, or 0.14 per cent, at the open to 46,583.95.
The S&P 500 rose 6.8 points, or 0.10 per cent, at the open to 6,722.14, while the Nasdaq Composite rose 42.1 points, or 0.18 per cent, to 22,886.157. REUTERS
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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