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US STOCKS SNAPSHOT-Wall Street rises at the open as retail sales fail to dampen rate-cut hopes
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US STOCKS SNAPSHOT-Wall Street rises at the open as retail sales fail to dampen rate-cut hopes
Jul 16, 2024 7:01 AM

July 16 (Reuters) - Wall Street's main indexes opened

higher on Tuesday as bets continued for a September

interest-rate cut by the Federal Reserve, even as strong retail

sales data signaled a resilient U.S. economy.

The Dow Jones Industrial Average rose 52.06 points,

or 0.13%, at the open to 40,263.78.

The S&P 500 opened higher by 12.87 points, or 0.23%,

at 5,644.09, while the Nasdaq Composite gained 61.70

points, or 0.33%, to 18,534.27 at the opening bell.

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