Wall Street opens stable after mixed economic data

Major indices on Wall Street opened flat on Thursday as investors evaluated a batch of mixed economic data to extract clues as to when the Federal Reserve (the US central bank) will cut interest rates for the first time this year.

According to Reuters, the Dow Jones Industrial Average fell 26.33 points, or 0.07%, to 38,397.94 points.

The Standard & Poor’s 500 index opened higher by 2.52 points, or 0.05%, to 5,003.14 points, while the Nasdaq Composite index rose 6.15 points, or 0.04%, to 15,865.30 points.