FILE PHOTO: Traders work on the ground on the New York Stock Exchange (NYSE) in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – U.S. shares eked out positive factors at open on Wednesday forward of the Federal Reserve’s coverage assertion that’s anticipated to open the door to future rate of interest cuts.
The Dow Jones Industrial Average rose 24.62 factors, or 0.09%, on the open to 26,490.16. The S&P 500 opened larger by 2.80 factors, or 0.10%, at 2,920.55. The Nasdaq Composite gained 16.37 factors, or 0.21%, to 7,970.26 on the opening bell.
Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila