Wall Street opens higher on Fed interest rate-cut expectations
Wall Street's main indexes opened higher on Monday, 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 (.DJI), opens new tab rose 106.5 points, or 0.23%, at the open to 46,351.93. The S&P 500 (.SPX), opens new tab rose 33.6 points, or 0.51%, at the open to 6,636.54, while the Nasdaq Composite (.IXIC), opens new tab rose 209.1 points, or 0.94%, to 22,482.156 at the opening bell.
Source: Reuters.com