NEW YORK, Aug 29 — Wall Street’s main indexes rose in early trade today after a drop in the latest monthly job openings added to hopes of a pause in interest rate hikes by the US Federal Reserve.
“In both the JOLTS and the consumer confidence number, you’re seeing exactly what you’d want to see, a gradual decrease,” said Art Hogan, chief market strategist at B Riley Wealth.Multiple sets of economic data are scheduled to be released this week, including the personal consumption expenditures price index and non-farm payrolls.
Alphabet added 2.2 per cent after the Google-parent unveiled a swath of fresh artificial-intelligence technology and partnerships. Shares of Salesforce slipped 1 per cent after JP Morgan removed the business software maker from its US analyst focus list.
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