Wall Street Opens Higher on Peak Interest Rate Bets

Wall Street Opens Higher on Peak Interest Rate Bets
A Wall St. sign is seen in New York City on March 13, 2023. (Brendan McDermid/Reuters)
Reuters
11/30/2023
Updated:
11/30/2023
0:00

Wall Street’s main indexes gained at open on Thursday as the latest reading of a key inflation report supported investor hopes that U.S. interest rates have peaked.

The Dow Jones Industrial Average rose 166.15 points, or 0.47 percent, at the open to 35,596.57. The S&P 500 opened higher by 4.29 points, or 0.09 percent, at 4,554.87, while the Nasdaq Composite gained 6.56 points, or 0.05 percent, to 14,265.05 at the opening bell.