Wall Street Rises on Meta Boost, Soft Landing Hopes

Wall Street Rises on Meta Boost, Soft Landing Hopes
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 26, 2023. Brendan McDermid/Reuters
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Wall Street’s main indexes opened higher on Thursday on hopes that the Federal Reserve’s policy tightening was ending and the world’s largest economy was heading for a soft landing, while Meta Platforms jumped on strong third-quarter revenue forecast.

The Dow Jones Industrial Average rose 38.67 points, or 0.11 percent, at the open to 35,558.79.

The S&P 500 opened higher by 31.51 points, or 0.69 percent, at 4,598.26, while the Nasdaq Composite gained 191.88 points, or 1.36 percent, to 14,319.16 at the opening bell.