Wall Street set for higher open as rate-cut hopes linger
The Star Online - Business·2024-05-07 08:01
WALL Street was poised for a higher open on Monday as traders priced in a greater chance of the Federal Reserve cutting interest rates this year following a soft payrolls data last week.
The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer.
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