Dec 8 (Reuters) – Wall Street’s main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years. The Dow Jones Industrial Average rose 16.5 points, […]
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U.S. stocks open higher as investors await Fed rate cut decision
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Dec 8 (Reuters) – Wall Street’s main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years.
The Dow Jones Industrial Average rose 16.5 points, or 0.03%, at the open to 47,971.51. The S&P 500 rose 4.8 points, or 0.07%, at the open to 6,875.2, while the Nasdaq Composite rose 60.1 points, or 0.25%, to 23,638.217 at the opening bell.
(Reporting by Johann M Cherian in Bengaluru; Editing by Tasim Zahid)