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Wall Street opens mixed as industrials rise, tech slips
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PerthNow
Wall Street investors are pricing in an equal chance of an interest rate rise or hold in September.
(AP PHOTO)Wall Street investors are pricing in an equal chance of an interest rate rise or hold in September.
In the market, the S&P 500 industrials and utilities were the biggest gainers, helping offset declines in heavyweight tech and communication services stocks.
Drug distributor Cardinal Health gained 5.0 per cent after it forecast fiscal 2027 profit well above Street expectations.
The S&P 500 posted 11 new 52-week highs and one new low while the Nasdaq Composite recorded 48 new highs and 36 new lows.