Wall Street opens higher as investors mull Fed rate cuts

[NEW YORK] Wall Street’s main indexes opened slightly higher on Thursday as investors parsed a fresh batch of labour market data to gauge the odds of a much-anticipated Federal Reserve interest rate cut when it meets next week.

The Dow Jones Industrial Average rose 5.3 points, or 0.01 per cent, at the open to 47,888.16.

The S&P 500 rose 16.8 points, or 0.24 per cent, at the open to 6,866.47, while the Nasdaq Composite rose 73.2 points, or 0.31 per cent, to 23,527.296 at the opening bell. REUTERS