Wall Street today: US stocks rise on Sept rate cut hopes | Stock Market News

US stocks rose on Thursday after the Federal Reserve signalled interest rate cut in September.

At the opening bell, the Dow Jones Industrial Average rose 74.2 points, or 0.18%, to 40,916.96. The S&P 500 rose 15.5 points, or 0.28%, to 5,537.84, while the Nasdaq Composite rose 47.6 points, or 0.27%, to 17,647.032. 

Gold prices fell as the dollar rebounded on Thursday.

Spot gold was down 0.5% at $2,436.74 per ounce, as of 1141 GMT. US gold futures firmed 0.3% to $2,481.00.

Spot silver fell 0.4% to $28.91.

Oil prices extended gains on Thursday after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict.

Brent crude futures rose 71 cents, or 0.9%, to $81.55 a barrel by 1124 GMT. US West Texas Intermediate crude gained 72 cents, or 0.9%, to $78.63. 

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