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US: Wall Street opens higher on Fed interest rate-cut expectations

US: Wall Street opens higher on Fed interest rate-cut expectations

By Kim Browne

Culture

Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also combing for fresh data to gauge the central bank’s next move.

The Dow Jones Industrial Average rose 106.5 points, or 0.23 per cent, at the open to 46,351.93.

The S&P 500 rose 33.6 points, or 0.51 per cent, at the open to 6,636.54​, while the Nasdaq Composite rose 209.1 points, or 0.94 per cent, to 22,482.156 at the opening bell. REUTERS

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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