US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes

[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned by growing optimism that the Federal Reserve could restart its monetary policy easing cycle next month.

The Dow Jones Industrial Average rose 112.9 points, or 0.25 per cent, at the open to 44,571.53.

The S&P 500 rose 16.9 points, or 0.26 per cent, to 6,462.67​, while the Nasdaq Composite rose 82.6 points, or 0.38 per cent, to 21,764.548. REUTERS