The S&P 500 opened 0.19% or 12.99 points higher at 6,862.71, whereas the tech-heavy Nasdaq rose 0.21% or 48.29 points to 23,502.38. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite extended previous day's gains at open on Thursday as bets around rate cuts by the Federal Reserve strengthened.

In the initial minutes of trade, Meta Platform Inc.'s stock jumped 4.12% to $665.20 after CEO Mark Zuckerberg announced plans to cut back metaverse spending.

The S&P 500 opened 0.19% or 12.99 points higher at 6,862.71, whereas the tech-heavy Nasdaq rose 0.21% or 48.29 points to 23,502.38. Dow Jones opened 0.11% higher or 52.79 points higher at 47,935.69.

As of 10:36 a.m. local time, Nasdaq

See Full Page