Wall St jumps at open after selloff on Fed rate cut caution
10:33 am Thursday, December 19th, 2024
(Reuters) – Wall Street’s main indexes broadly rose at the open on Thursday, a day after the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year wrong footed some investors and pummeled U.S. stocks.
The Dow Jones Industrial Average rose 137.3 points, or 0.32%, at the open to 42,464.13. The S&P 500 rose 40.6 points, or 0.69% to 5,912.71, while the Nasdaq Composite rose 173.0 points, or 0.89%, to 19,565.664.
(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)
