US STOCKS SNAPSHOT-Wall St opens muted after hot PPI keeps smaller rate cut in view-December 2024-www.financetom.com

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US STOCKS SNAPSHOT-Wall St opens muted after hot PPI keeps smaller rate cut in view

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US STOCKS SNAPSHOT-Wall St opens muted after hot PPI keeps smaller rate cut in view

Sep 12, 2024 9:58 AM

Sept 12 (Reuters) - Wall Street's main indexes were

subdued at the open on Thursday as a hot producer prices reading

kept a smaller 25-basis point interest rate cut by the Federal

Reserve firmly on the table.

The Dow Jones Industrial Average fell 0.4 point at

the open to 40862.11. The S&P 500 rose 3.3 points, or

0.06%, at the open to 5557.48, while the Nasdaq Composite

rose 18.4 points, or 0.11%, to 17413.889, at the opening

bell.

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