US: Wall St opens subdued after rally on AI boost, inflation relief

US: Wall St opens subdued after rally on AI boost, inflation relief

March 1, 2024 / Riah Marton /


WALL Street’s main indexes opened subdued on Friday (Mar 1) after a rally in the previous session driven by an inflation reading that strengthened bets of interest rate cuts by June this year and a persistent artificial-intelligence mania.

The Dow Jones Industrial Average fell 6.88 points, or 0.02 per cent, at the open to 38,989.51.

The S&P 500 opened higher by 2.24 points, or 0.04 per cent, at 5,098.51, while the Nasdaq Composite gained 17.90 points, or 0.11 per cent, to 16,109.83 at the opening bell. REUTERS



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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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