US: Wall Street opens higher after Nvidia results, economic data

WALL Street’s main indices opened higher on Thursday (Aug 29) following AI chip firm Nvidia’s largely in-line forecast and as data showed the US economy remained robust, adding to expectations of a September interest rate cut.

The Dow Jones Industrial Average rose 254.08 points, or 0.62 per cent, at the open to 41,345.50. The S&P 500 opened higher by 15.12 points, or 0.27 per cent, at 5,607.30, while the Nasdaq Composite gained 54.54 points, or 0.31 per cent, to 17,610.57 at the opening bell. REUTERS