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US STOCKS SNAPSHOT-Wall St opens higher as prospects of September rate cut grow
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US STOCKS SNAPSHOT-Wall St opens higher as prospects of September rate cut grow
Aug 29, 2024 1:11 AM

Aug 22 (Reuters) - Wall Street's main indexes opened

higher on Thursday, as investors were more hopeful the Federal

Reserve would kick off its interest rate cut cycle next month,

while awaiting policymakers' commentary at Jackson Hole this

week.

The Dow Jones Industrial Average rose 41.7 points, or

0.10%, at the open to 40,932.23. The S&P 500 rose 16.9

points, or 0.30%, at the open to 5,637.77​, while the Nasdaq

Composite rose 74.7 points, or 0.42%, to 17,993.72 at

the opening bell.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by

Shinjini Ganguli)

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