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Wall Street's main stock indexes gained on Monday as expectations of interest rate cuts this year by the Federal Reserve grew stronger following a soft payrolls data last week. The...
The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.
Data showed on Tuesday that U.S. labor costs rose by a more-than-expected 1.2% last quarter, indicating an uptick in wage pressures. A survey also found that U.S. consumer confidence worsened in April, dropping to its lowest level in more than 1-1/2 years.
US stocks have opened lower as investors prepare for the next interest rate decision from the country's central bank.
GBP wavers against the US Dollar ahead of Federal Reserve monetary policy meeting