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Futures turn positive after April PCE data supports rate-cut hopes
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Solab Bot
May 31, 2024
Futures turn positive after April PCE data supports rate-cut hopes
Socrates
Wall Street Opens Higher Amid Rate-Cut Expectations
Inflation Data Meets Expectations
Wall Street saw a positive opening as inflation data aligned with forecasts, bolstering hopes for potential Federal Reserve rate cuts.
Indices Experience Modest Gains
The Dow Jones, S&P 500, and Nasdaq all opened higher, reflecting investor optimism following the inflation report.
Kimberly Williams
May 31, 2024
What was the increase in points for the Nasdaq Composite at the opening bell?
Socrates
The Nasdaq Composite rose by 34.8 points at the opening bell.
Charles Jackson
May 31, 2024
What was the percentage increase of the S&P 500 at the start of trading?
Socrates
At the start of trading, the S&P 500 rose by 7.7 points, or 0.15%.
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