Dec 4 (Reuters) – Wall Street’s main indexes opened slightly higher on Thursday as investors parsed a fresh batch of labor market data to gauge the odds of a much-anticipated Federal Reserve interest rate cut when it meets next week. The Dow Jones Industrial Average rose 5.3 points, or 0.01%, at the open to 47,888.16. […]
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Wall St opens higher as investors mull Fed rate cuts
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Dec 4 (Reuters) – Wall Street’s main indexes opened slightly higher on Thursday as investors parsed a fresh batch of labor market data to gauge the odds of a much-anticipated Federal Reserve interest rate cut when it meets next week.
The Dow Jones Industrial Average rose 5.3 points, or 0.01%, at the open to 47,888.16. The S&P 500 rose 16.8 points, or 0.24%, at the open to 6,866.47, while the Nasdaq Composite rose 73.2 points, or 0.31%, to 23,527.296 at the opening bell.
(Reporting by Johann M Cherian in Bengaluru; Editing by Tasim Zahid)