Rate-cut hopes prompt higher Wall St open; Meta soars

Aug 1 (Reuters) - Wall Street's main stock indexes opened higher on Thursday, boosted by the Federal Reserve's signals of a September rate cut and a rosy sales forecast from Meta, although a pullback in chip stocks kept gains in check.

The Dow Jones Industrial Average (.DJI), rose 74.2 points, or 0.18%, at the open to 40,916.96. The S&P 500 (.SPX), rose 15.5 points, or 0.28%, at the open to 5,537.84, while the Nasdaq Composite (.IXIC), rose 47.6 points, or 0.27%, to 17,647.032 at the opening bell.

Reporting by Ankika Biswas in Bengaluru; Editing by Pooja Desai

Reuters

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Rate-cut hopes prompt higher Wall St open; Meta soars

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