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US stocks open subdued after rally on AI boost, inflation relief

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March 1, 2024
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US stocks open subdued after rally on AI boost, inflation relief
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Wall Street’s main indexes opened subdued on Friday after a rally in the previous session driven by an inflation reading that strengthened bets of interest rate cuts by June this year and a persistent artificial-intelligence mania.

The Dow Jones Industrial Average fell 6.88 points, or 0.02%, at the open to 38,989.51.

The S&P 500 opened higher by 2.24 points, or 0.04%, at 5,098.51, while the Nasdaq Composite gained 17.90 points, or 0.11%, to 16,109.83 at the opening bell.

More to come….

Tags: BoostDow JonesinflationnasdaqopenRallyReliefS&P500stockssubduedUS stockswall street todaywall street watch
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