Wall Street set to open higher on hopes of monetary stimulus
(Reuters) - Wall Street’s main indexes edged higher on rising expectations of monetary stimulus from global central banks to boost growth, while a drop in technology and healthcare stocks kept a check on gains.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 5, 2019. REUTERS/Brendan McDermid
Gains in shares of big lenders, including Goldman Sachs, boosted the benchmark S&P 500 .SPX and the Dow Jones Industrial Average .DJI, following a rise in U.S. Treasury yields.
The Nasdaq index .IXIC, however, came under pressure from declines in shares of Microsoft Corp (MSFT.O) and Amgen Inc (AMGN.O).
The drugmaker fell 2.75% after analysts raised questions about data on the company’s lung cancer drug, dragging the healthcare sector .SP ...