Goldman profits beat forecast, easing rate-hike bets drive Wall St higher

Author: Monitoring Desk

Wall Street’s main indexes opened higher on Monday after Goldman Sachs beat profit expectations, extending last week’s positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average rose 187.72 points, or 0.60pc, at the open to 31,475.98. The S&P 500 opened higher by 20.63 points, or 0.53pc, at 3,883.79, while the Nasdaq Composite gained 109.22 points, or 0.95pc, to 11,561.64 at the opening bell.

Share
Leave a Comment

Recent Posts

  • Editorial

Protecting Journalists

Being a journalist in Pakistan means you must be willing to live with a Damoclean…

2 hours ago
  • Editorial

To Space

Pakistan's historic lunar payload - regardless of how small it may be when compared to…

2 hours ago
  • Op-Ed

Snakes, Ladders and the Power Paradox

Barack Obama's rise to the presidency in 2009 gave hope to millions across the globe.…

2 hours ago
  • Cartoons

TODAY’S CARTOON

2 hours ago
  • Op-Ed

This Is Not a Jungle!

Pakistan is neither a jungle nor are the ways of the jungle followed here. There…

2 hours ago
  • Op-Ed

Populists and Polarized Democracies – III

The long-term adverse effects of a polarized nation extend beyond immediate social unrest to the…

2 hours ago