US stocks tick up as traders stick to rate-cut bets after data deluge
The Dow Jones Industrial Average rose 79.07 points, or 0.20%, at the open to 39,122.39.
Wall Street's main indexes opened slightly higher on Thursday, as investors stuck to bets of the Federal Reserve easing interest rates in the coming months after data showing hotter-than-expected inflation and weaker-than-expected consumer spending.The Industrial Average rose 79.07 points, or 0.20%, at the open to 39,122.39.
The S&P 500 opened higher by 9.83 points, or 0.19%, at 5,175.14, while the Composite gained 31.43 points, or 0.19%, to 16,209.19 at the opening bell.
More to come....
Source: Stocks-Markets-Economic Times
