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US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes increase
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US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes increase
Jun 5, 2024 6:57 AM

June 5 (Reuters) - Wall Street's main indexes rose on

Wednesday as investors ramped up bets for an earlier than

expected start to interest rate cuts by the Federal Reserve, in

the wake of economic reports signaling a weakening labor market

and slowing economic growth.

The Dow Jones Industrial Average rose 63.53 points,

or 0.16%, at the open to 38,774.82.

The S&P 500 opened higher by 23.14 points, or 0.44%,

at 5,314.48, while the Nasdaq Composite gained 117.43

points, or 0.70%, to 16,974.48 at the opening bell.

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