US STOCKS SNAPSHOT-Wall St opens up on banks; Fed cut looms 16 Desember 2008 21:39:33 (GMT+07:00) Provided by: Reuters News
NEW YORK, Dec 16 (Reuters) - U.S. stocks rose in opening trade on Tuesday as investors awaited an expected Federal Reserve interest rate cut and Goldman Sachs reported a loss that was smaller than some had feared. * The financial sector was in the spotlight, with Goldman Sachs Group Inc <GS.N> shares rising 3 percent after it posted its first quarterly loss since going public in 1999. For more see [nN16521076]. * Around 2.15 p.m. (1915 GMT), the Fed is expected to lower benchmark rates closer to zero as it continues its aggressive campaign of cutting rates in an effort to stimulate growth. * The Dow Jones industrial average <.DJI> rose 62.84 points, or 0.73 percent, at 8,627.37. The Standard & Poor's 500 Index <.SPX> jumped 9.44 points, or 1.09 percent, at 878.01. The Nasdaq Composite Index <.IXIC> leapt 21.08 points, or 1.40 percent, at 1,529.42. (Reporting by Deepa Seetharaman; Editing by James Dalgleish)
