Dow jumps 216 points at open as recent data fuels hopes of rate cuts
The S&P 500 rose 32.6 points, or 0.62%, at the open to 5244.05, while the Nasdaq Composite rose 141.1 points, or 0.87%, to 16418.567 at the opening bell.
Wall Street's main stock indexes opened higher on Thursday as recent economic reports boosted the prospect of monetary policy easing later this year, while investors awaited policymakers to offer clues on the timing of the cuts.The Industrial Average rose 216.5 points, or 0.55%, at the open to 39343.6. The S&P 500 rose 32.6 points, or 0.62%, at the open to 5244.05, while the Composite rose 141.1 points, or 0.87%, to 16418.567 at the opening bell.
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Source: Stocks-Markets-Economic Times
