Wall Street’s main indexes opened higher on Thursday as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy.

The Dow Jones Industrial Average rose 287.3 points, or 0.72%, at the open to 40295.74. The S&P 500 rose 45.9 points, or 0.84%, at the open to 5501.13, while the Nasdaq Composite rose 201.9 points, or 1.17%, to 17394.545 at the opening bell.

Wall Street’s main indexes opened lower on Wednesday as semiconductor and megacap stocks gave back early gains, with investors looking ahead to a crucial inflation report later in the week.

The Dow Jones Industrial Average fell 49.0 points, or 0.13%, at the open to 39063.15.

The S&P 500 fell 8.6 points, or 0.16%, at the open to 5460.71, while the Nasdaq Composite dropped 20.4 points, or 0.12%, to 17697.265 at the opening bell.

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The Nasdaq and the S&P 500 opened higher on Tuesday as Nvidia and some other AI-linked stocks rose after bruising selloffs, while investors awaited further cues on the monetary policy path based on remarks by Federal Reserve officials and economic data this week.

The Dow Jones Industrial Average fell 12.42 points, or 0.03%, at the open to 39,398.79. The S&P 500 opened higher by 12.86 points, or 0.24%, at 5,460.73, while the Nasdaq Composite gained 75.34 points, or 0.43%, to 17,572.16 at the opening bell.

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The Nasdaq and the S&P 500 slipped at the open on Friday, with focus on business survey data for more clues on the health of the world’s largest economy.

The Dow Jones Industrial Average rose 73.75 points, or 0.19%, at the open to 39,208.51.

The S&P 500 opened lower by 6.40 points, or 0.12%, at 5,466.77, while the Nasdaq Composite dropped 40.58 points, or 0.23%, to 17,681.01 at the opening bell.

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The S&P 500 and the Nasdaq opened higher on Thursday, propelled by a rally in Nvidia while investors assessed the recent batch of economic data and commentary from U.S. Federal Reserve officials to firm up bets on interest rate cuts this year.

The Dow Jones Industrial Average fell 30.13 points, or 0.08%, at the open to 38,804.73.

The S&P 500 opened higher by 26.76 points, or 0.49%, at 5,499.99, while the Nasdaq Composite gained 51.71 points, or 0.29%, to 17,913.94 at the opening bell.

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Wall Street’s main stock indexes opened higher on Thursday as recent economic reports boosted the prospect of monetary policy easing later this year, while investors awaited policymakers to offer clues on the timing of the cuts.

The Dow Jones Industrial Average rose 216.5 points, or 0.55%, at the open to 39343.6. The S&P 500 rose 32.6 points, or 0.62%, at the open to 5244.05, while the Nasdaq Composite rose 141.1 points, or 0.87%, to 16418.567 at the opening bell.

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Wall Street’s main indexes opened lower on Wednesday, as strong private payrolls data fanned fears of fewer-than-expected interest rate cuts by the Federal Reserve this year.

The Dow Jones Industrial Average fell 30.65 points, or 0.08%, at the open to 39,139.59.

The S&P 500 opened lower by 11.44 points, or 0.22%, at 5,194.37, while the Nasdaq Composite dropped 61.65 points, or 0.38%, to 16,178.80 at the opening bell.

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Wall Street’s main indexes eased at the start of the holiday-shortened week on Monday as investors looked forward to key inflation data later this week, while advancing chip stocks kept losses on the tech-heavy Nasdaq in check.

The Philadelphia Semiconductor Index rose 0.5%, with Micron Technology jumping 9.0% to a record high, while industry heavyweight Nvidia climbed 1.6%.

Over the weekend, a report stated that China had introduced guidelines to phase out U.S. microprocessors supplied by Intel and AMD from government personal computers and servers. Intel was down 1.2% while AMD, reversing earlier losses, was last up 1.4%.

Both the S&P 500 and the Dow logged their best weekly percentage gains so far this year on Friday, with the Fed sticking to its guidance of three interest-rate cuts this year.

Chicago Fed President Austan Goolsbee backed that claim and said he had penciled in three rate cuts for this year, while Fed Governor Lisa Cook said the central bank needs to proceed with caution as it decides when to start cutting interest rates.

Traders now see a nearly 71% chance of the Fed bringing in the first cut in June, according to the CME FedWatch tool, up from around 55% at the start of last week.The crucial February reading of the Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, is due on Friday, when U.S. markets will be shut for the Good Friday holiday.A hot reading for the PCE index could dent market optimism around early rate cuts.

Final estimates for fourth-quarter GDP and a March consumer confidence reading are also due in the next few days and will round off the March quarter’s last trading week.

“We tend to discount market moves within plus or minus one week of the end of a quarter, because a lot of institutional flows that you typically see are putting investment policy benchmarks back together,” said Mike Dickson, head of research at Horizon Investments.

“That makes the price action this week probably a little less important than any other week that we’ve had this year.”

At 11:38 a.m. ET, the Dow Jones Industrial Average was down 105.96 points, or 0.27%, at 39,369.94, the S&P 500 was down 7.90 points, or 0.15%, at 5,226.28, and the Nasdaq Composite was down 18.32 points, or 0.11%, at 16,410.50.

Eight of the 11 major S&P 500 sectors were trading lower, with communication services leading losses, down 0.6%, while energy outpaced peers and was up 1.2%.

Boeing pared some gains and was last up 1.5% after it announced a broad management shakeup and said CEO Dave Calhoun would step down from his position at the end of 2024.

Walt Disney gained 2.5% after Barclays upgraded the stock to “overweight” from “equal weight”.

Cryptocurrency and blockchain-related stocks such as exchange operator Coinbase Global, crypto miner Riot Platforms and software firm MicroStrategy added between 7.4% and 18.8%, tracking the recovery in bitcoin .

Advancing issues outnumbered decliners by a 1.12-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.00-to-1 ratio on the Nasdaq.

The S&P index recorded 31 new 52-week highs and two new lows, while the Nasdaq recorded 77 new highs and 69 new lows.

Wall Street’s main indices opened higher on Wednesday after Federal Reserve Chair Jerome Powell in prepared remarks ahead of his congressional testimony said the central bank expects to reduce its benchmark interest rate later this year.

The Dow Jones Industrial Average rose 135.96 points, or 0.35%, at the open to 38,721.15.

The S&P 500 opened higher by 29.38 points, or 0.58%, at 5,108.03, while the Nasdaq Composite gained 152.41 points, or 0.96%, to 16,092.00 at the opening bell.

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US stock opened lower on Monday after the S&P 500 and the Nasdaq’s record-closing highs in the prior session, as investors paused at the start of a week packed with key jobs data and Fed Chair Jerome Powell’s congressional testimony.

The Dow Jones Industrial Average fell 118.61 points, or 0.30%, at the open to 38,968.77. The S&P 500 opened lower by 6.09 points, or 0.12%, at 5,130.99, while the Nasdaq Composite dropped 10.73 points, or 0.07%, to 16,264.21 at the opening bell.

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