Wall Street Opens Higher Amid Anticipated Fed Rate Cuts

Wall Street saw an early rise on Tuesday as major indexes opened higher. Market participants are keenly anticipating expected interest rate cuts from the Federal Reserve.

Boosting investor confidence further, the August retail sales data exceeded expectations.

At the opening bell, the Dow Jones Industrial Average increased by 36.1 points or 0.08% to 45,919.54. The S&P 500 edged up by 8.9 points or 0.13% to 6,624.13, while the Nasdaq Composite climbed 48.7 points or 0.22% to 22,397.498.