Tags: wall street | market | open | powell

Wall Street Opens Higher After Powell's Remarks Boost Rate Cut Hopes

Wall Street Opens Higher After Powell's Remarks Boost Rate Cut Hopes
(Getty Images)

Wednesday, 10 July 2019 09:53 AM

U.S. stocks opened higher on Wednesday as hopes of an interest rate cut later this month were boosted by Federal Reserve Chairman Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.

The Dow Jones Industrial Average rose 68.47 points, or 0.26%, at the open to 26,851.96.

The S&P 500 opened higher by 9.67 points, or 0.32%, at 2,989.30. The Nasdaq Composite gained 41.47 points, or 0.51%, to 8,183.20 at the opening bell.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
U.S. stocks opened higher on Wednesday as hopes of an interest rate cut later this month were boosted by Federal Reserve Chairman Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
wall street, market, open, powell
79
2019-53-10
Wednesday, 10 July 2019 09:53 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved