off-the-wire

Wall St opens higher as recent data fuels hopes of rate cuts

Kitco Media
By Reuters
Published:
Updated:
Reuters
Wall St opens higher as recent data fuels hopes of rate cuts teaser image

April 4 (Reuters) - 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 Dow Jones Industrial Average (.DJI), opens new tab rose 216.5 points, or 0.55%, at the open to 39343.6. The S&P 500 (.SPX), opens new tab rose 32.6 points, or 0.62%, at the open to 5244.05​, while the Nasdaq Composite (.IXIC), opens new tab rose 141.1 points, or 0.87%, to 16418.567 at the opening bell.

Reporting by Shristi Achar A in Bengaluru; Editing by Shinjini Ganguli

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