Wall Street set to open higher on Fed optimism; FedEx results shine

Business

U.S. stock index futures rose on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment.

FILE PHOTO: A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. REUTERS/Mike Segar/File Photo 16 Sep 2020 07:10PM(Updated: 16 Sep 2020 09:40PM) Share this content

Bookmark

REUTERS: Wall Street’s main indexes opened higher on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment.

The Dow Jones Industrial Average rose 36.09 points, or 0.13per cent, at the open to 28,031.69.

Advertisement Advertisement

The S&P 500 opened higher by 10.03 points, or 0.29per cent, at 3,411.23. The Nasdaq Composite gained 31.76 points, or 0.28per cent, to 11,222.08 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)

Read More Here...

Bookmark the permalink.

Comments are closed.