Wall Street Opens Higher as Fed Pause Bets Remain Unchanged After Economic Data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Sept. 11, 2023. Brendan McDermid/Reuters

Wall Street’s main indexes opened higher on Thursday as hotter-than-expected economic data did not dent hopes of a pause in rate hikes in September, while investors awaited a highly anticipated Arm Holdings’ stock market debut.

The Dow Jones Industrial Average rose 111.97 points, or 0.32 percent, at the open to 34,687.50.