US stock indexes opened slightly higher on Friday (October 10) New York time, as investors "buy the dip" while awaiting the release of U-Mich Consumer Sentiment amid the government shutdown, which has entered its 10th day. The Dow Jones Industrial Average rose around 0.08%, the S&P 500 +0.08%, and the Nasdaq +0.08% at the opening bell. This optimistic tone comes after the previous session's correction and hopes that sentiment data could provide clues to the economy's future direction.
On the other side of the market, gold remained above the psychological threshold and the US 10-Year yield weakened slightly, while Nvidia shares gained support from news of a multibillion-dollar chip export license to a UAE project, a highlight of the early session along with the start of earnings season. The shutdown, which delayed some official data, remains a looming issue, but market participants believe the chances of a Fed interest rate cut by the end of the year remain high.
Source: Newsmaker.id
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