Major stock indices on Wall Street opened higher on Wednesday. Investors are evaluating a new set of economic data, bolstering their expectations that the Federal Reserve may cut interest rates in December. The Dow Jones Industrial Average rose 83.7 points, or 0.18%, to 47,196.15. The S&P 500 gained 27.7 points, or 0.41%, to 6,793.55. The Nasdaq Composite increased 137.6 points, or 0.60%, to 23,163.194.
Wall Street Opens Higher Amid Fed Rate Cut Expectations
Major stock indices on Wall Street opened higher on Wednesday. Investors are evaluating new economic data, bolstering expectations that the Federal Reserve may cut interest rates in December.