US stocks open higher as rate-cut hopes drive momentum

Wall Street’s main indexes opened higher on Friday as optimism about an imminent interest-rate cut by the Federal Reserve boosted sentiment in the final trading session of a week that saw volatility due to the U.S. government shutdown.

The Dow Jones Industrial Average rose 64.2 points, or 0.14%, at the open to 46,583.95. The S&P 500 rose 6.8 points, or 0.10%, at the open to 6,722.14, while the Nasdaq Composite rose 42.1 points, or 0.18%, to 22,886.157.