The US markets opened higher on Monday. (Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Wall Street was off to a positive start on Monday, as bets of a Federal Reserve rate cut gained momentum.

The S&P 500 opened 0.11% or 7.87 points higher at 6,878.27, tech-heavy Nasdaq started 0.29% or 68.17 points higher at 23,646.30, and the Dow Jones rose 0.22% or 104.05 points to 47,954.99.

As of 9:48 a.m. EST or local time, Dow Jones had erased gains to trade 0.17% or 92.18 points lower at 47,861.23. Whereas S&P 500 traded little changed at 6,867.40 while Nasdaq continued to trade in the green, 0.14% higher at 23,611.86

“The tone of Chair Powell’s press conference and accompanying statement will be critical,” Deutsche Bank AG strategist Jim Reid told news agenc

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