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Wall Street opens higher after GDP data

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Reuters

(Reuters) - Wall Street's main indexes opened higher on Wednesday after data showed U.S. economic growth slowed slightly more than initially thought in the fourth quarter, weakening the case for faster rises in interest rates.

The Dow Jones Industrial Average rose 98.48 points, or 0.39 percent, to 25,508.51. The S&P 500 gained 12.71 points, or 0.46 percent, to 2,756.99. The Nasdaq Composite added 41.00 points, or 0.56 percent, to 7,371.36.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 28 2018 | 8:05 PM IST

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