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Wall St opens higher on China optimism, easing rate hike concerns

Wall St opens higher on China optimism, easing rate hike concerns
© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. REUTERS/Andrew Kelly

 

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(Reuters) – Wall Street’s main indexes opened higher on Monday on optimism around China reopening its borders, while signs of a cooling labor market boosted bets of a slower pace of interest rate hikes by the Federal Reserve.

The Dow Jones Industrial Average rose 33.78 points, or 0.10%, at the open to 33,664.39.

The S&P 500 opened higher by 15.74 points, or 0.40%, at 3,910.82, while the Nasdaq Composite gained 92.81 points, or 0.88%, to 10,662.11 at the opening bell.

Source: Investing.com

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