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US stocks open higher as markets anticipate Fed's first rate cut in four years
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Wall Street's main indexes opened slightly higher on Wednesday, as the Federal Reserve was widely expected to deliver its first interest rate cut in more than four years, with most investors betting on a 50-basis point reduction.
The Dow Jones Industrial Average rose 22.7 points, or 0.05%, at the open to 41,628.91.
The S&P 500 rose 7.1 points, or 0.13%, at the open to 5,641.68, while the Nasdaq Composite rose 35.3 points, or 0.20%, to 17,663.383 at the opening bell.
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. Read more on economictimes.indiatimes.com
About this in other media
US stocks slip at open as investors pause after rate-cut driven surge economictimes.indiatimes.com /2 months ago
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut abcnews.go.com /2 months ago
ET Explainer: How Fed’s more-than-expected rate cut will impact markets economictimes.indiatimes.com /2 months ago
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