[ad_1]
Wall Street’s main indexes were little changed at the open on Thursday, with investors seeking fresh signals for future rate hikes after minutes from the Federal Reserve’s July meeting suggested a less aggressive monetary policy tightening path.
The Dow Industrial Average inched 0.05% lower, or 17 points, while the S&P 500 slipped 0.06%. The Nasdaq Composite fell 0.23%.
Cisco rose 6% after issuing an upbeat forecast for quarterly sales as chip-supply shortages ease and the company is able to fill more orders. Bed Bath & Beyond plunged 14% after Ryan Cohen’s RC Ventures said it might sell as much as 7.78 million shares in the retailer.
Initial jobless data released Thursday showed claims drop to 250,000 for the week ended Aug. 13.
[ad_2]
Source link