Wall Street Inches Higher at Open on Rate-Cut Hopes; Fed Speakers Eyed

Wall Street Inches Higher at Open on Rate-Cut Hopes; Fed Speakers Eyed
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 20, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes edged higher at open on expectations that the Federal Reserve was done with its monetary tightening, while investors geared up for commentary by a slew of policymakers later in the week.

The Dow Jones Industrial Average rose 31.29 points, or 0.09 percent, at the open to 34,092.61.

The S&P 500 opened higher by 5.93 points, or 0.14 percent, at 4,364.27, while the Nasdaq Composite gained 35.80 points, or 0.27 percent, to 13,514.08 at the opening bell.