S&P 500, Dow Open Higher as Yields Inch Lower on Rate Cut Bets

S&P 500, Dow Open Higher as Yields Inch Lower on Rate Cut Bets
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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The S&P 500 and the Dow opened higher on Friday as Treasury yields extended declines from the previous session after recent weak economic data supported bets of a dovish pivot by the Federal Reserve next year.

The Dow Jones Industrial Average rose 19.35 points, or 0.06 percent, at the open to 34,964.82. The S&P 500 opened higher by 1.31 points, or 0.03 percent, at 4,509.55, while the Nasdaq Composite dropped 12.24 points, or 0.09 percent, to 14,101.44 at the opening bell.