Make Kitco Your Homepage

Wall St. opens higher as technology stocks gain

Kitco News

(Reuters) - U.S. stocks opened higher on Thursday, lifted by technology stocks, extending a rally from the prior session that was powered by Federal Reserve Chairman Jerome Powell’s comments that bolstered the case for an interest rate cut this month.

The Dow Jones Industrial Average .DJI rose 89.96 points, or 0.33%, at the open to 26,950.16.

The S&P 500 .SPX opened higher by 6.55 points, or 0.22%, at 2,999.62. The Nasdaq Composite .IXIC gained 16.75 points, or 0.20%, to 8,219.28 at the opening bell.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.