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US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes linger
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US STOCKS SNAPSHOT-Wall Street opens higher as rate-cut hopes linger
May 6, 2024 6:54 AM

May 6 (Reuters) - U.S. stock indexes opened higher on

Monday as traders priced in a greater chance of the U.S. Federal

Reserve cutting interest rates this year following soft payrolls

data last week.

The Dow Jones Industrial Average rose 86.8 points, or

0.22%, at the open to 38762.43. The S&P 500 rose 14.6

points, or 0.29%, at the open to 5142.42​, while the Nasdaq

Composite rose 52.2 points, or 0.32%, to 16208.537 at

the opening bell.

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