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Wall Street to open higher, Dow on track to extend record run


By Tanya AgrawalREUTERS - U.S. stock indexes were on track to open higher on Monday, with the Dow looking to extend its record run.The blue-chip index, which closed at a record high for the eight straight session on Friday, was powered by a robust July employment report on Friday that showed U.S. employers added more jobs than expected in the month.The report is likely to clear the way for the Federal Reserve to announce a plan to start shrinking its $4.2 trillion bond portfolio in September, and could strengthen its case to raise rates for the third time this year in December."U.S. futures ...

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First Published: Mon, August 07 2017. 18:27 IST