Wall Street’s main indexes opened higher on Wednesday as investors were optimistic about rate cuts from the Federal Reserve early next year after data showed further signs of a cooling labor market.
The Dow Jones Industrial Average rose 59.17 points, or 0.16% at the open, to 36,183.73.
The S&P 500 opened higher by 19.05 points, or 0.42%, at 4,586.23, while the Nasdaq Composite gained 95.71 points, or 0.67%, to 14,325.62 at the opening bell.
More to come….
