US stocks rise at the open as retail sales fail to dampen rate-cut hopes
The Dow Jones Industrial Average rose 52.06 points, or 0.13%, at the open to 40,263.78.
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 signalled a resilient U.S. economy.The 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 Composite gained 61.70 points, or 0.33%, to 18,534.27 at the opening bell.
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Source: Stocks-Markets-Economic Times
