Wall Street’s main indexes opened higher on Wednesday as investors were optimistic about rate cuts from the Federal Reserve early next year, after data showed further signs of a cooling labor market.
The Dow Jones Industrial Average rose 59.17 points, or 0.16 percent at the open, to 36,183.73. The S&P 500 opened higher by 19.05 points, or 0.42 percent, at 4,586.23, while the Nasdaq Composite gained 95.71 points, or 0.67 percent, to 14,325.62 at the opening bell.
