Wall Street's Optimistic Opening Amid Federal Reserve Speculation

Wall Street indices, including the Dow Jones, S&P 500, and Nasdaq, opened higher as hope for an interest-rate cut by the Federal Reserve lifted sentiment. The week was marked by volatility stemming from the U.S. government shutdown, but optimism prevailed in the final trading session.

In a marked shift from recent volatility, Wall Street's key indices opened higher on Friday. Investor optimism surged over possible interest-rate cuts by the Federal Reserve, offering a positive end to a week fraught with uncertainty due to the U.S. government shutdown.

The Dow Jones Industrial Average saw a rise of 64.2 points, equivalent to 0.14%, starting the day at 46,583.95. Meanwhile, the S&P 500 and Nasdaq Composite also enjoyed gains, rising 6.8 points (0.10%) and 42.1 points (0.18%) respectively, opening at 6,722.14 and 22,886.157.

This optimistic sentiment reflects a hopeful outlook among investors despite challenges posed earlier in the week. The anticipation of a favorable decision from the Federal Reserve on interest rates has buoyed market confidence, setting a constructive tone for the trading session.

(With inputs from agencies.)