Wall St opens flat as traders brace for economic data

wall st opens flat as traders brace for economic data

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 23, 2024. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened flat on Tuesday as investors awaited a crucial inflation report and other economic data that would shape expectations for interest-rate cuts and test the recent rally.

The Dow Jones Industrial Average rose 18.67 points, or 0.05%, at the open to 39,087.90. The S&P 500 opened higher by 5.07 points, or 0.10%, at 5,074.60, while the Nasdaq Composite gained 37.73 points, or 0.24%, to 16,013.98 at the opening bell.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur)

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