Stock market today: S&P 500, Dow open higher as investors keep watchful eye on economy

US stocks aimed for another positive day on Wall Street after markets hit their latest all-time highs, as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut. The S&P 500 and Dow Jones Industrial Average opened higher on the heels of record closes for both major indexes, rising about 0.1% and 0.2%, respectively. The tech-heavy Nasdaq Composite hugged the flatline.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Mortgage applications jumped to the highest level since 2022, according to MBA data released before the bell. The growth was driven by homeowners seeking to refinance loans as rates drop. Data-watchers get the latest reading on home sales to scour for more insight later on Wednesday.

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