US stocks open higher as investors await Fed rate cut decision

Wall Street's main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years.

The Dow Jones Industrial Average rose 16.5 points, or 0.03 percent, at the open to 47,971.51. The S&P 500 rose 4.8 points, or 0.07 percent, at the open to 6,875.2​, while the Nasdaq Composite rose 60.1 points, or 0.25 percent, to 23,638.217 at the opening bell.

Reuters