Wall Street Rises Ahead of Manufacturing PMI and Labor Market Data

Wall Street's main stock indexes saw a rise on Monday with the Dow Jones, S&P 500, and Nasdaq Composite opening higher. The focus is on upcoming manufacturing PMI numbers and labor market data, which could influence expectations of interest rate cuts by the Federal Reserve.

Wall Street's main stock indexes opened higher on Monday ahead of manufacturing PMI numbers, with focus also on data later in the week for some evidence of a weaker labor market to firm up bets around interest rate cuts by the Federal Reserve.

The Dow Jones Industrial Average rose 67.34 points, or 0.17%, at the open to 39,186.20. The S&P 500 opened higher by 10.60 points, or 0.19%, at 5,471.08, while the Nasdaq Composite gained 41.29 points, or 0.23%, to 17,773.90 at the opening bell.