US: Wall Street opens higher as Fed shake-up stokes dovish bets

US: Wall Street opens higher as Fed shake-up stokes dovish bets

August 8, 2025 / Liam Redmond /


Published Fri, Aug 8, 2025 · 09:48 PM

WALL Street’s main indexes opened higher on Friday (Aug 8) as US President Donald Trump’s temporary pick for a Federal Reserve governor post fuelled expectations of a more dovish central bank board.

The Dow Jones Industrial Average rose 76.3 points, or 0.17 per cent, at the open to 44044.95. The S&P 500 rose 15.2 points, or 0.24 per cent, to 6355.22​, while the Nasdaq Composite rose 73.7 points, or 0.35 per cent, to 21316.366. REUTERS

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Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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