Stocks open higher amid hopes Fed is done with hikes: Stock market news today

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Dovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.

Wall Street stocks nudged higher on Tuesday amid growing hopes the Federal Reserve is done with interest-rate hikes for now, but with investors still cautious as the Middle East conflict escalated.in credit conditions the central bank is looking for. That could give policymakers a reason to call an end to raising rates in this cycle, some analysts believe.Easing some pressure on stocks, yields on Treasuries dropped as trading reopened on Tuesday after closing for a holiday.

The major stock indexes were poised to open in the green on Tuesday as investors focused on dovish comments from Federal Reserve officials, but kept one eye on developments in the Middle East conflict.AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities.

BANGKOK — Wall Street is following global markets higher before Tuesday's opening bell on some potentially encouraging news about interest rates, which have been dragging markets lower since the summer. Futures for the S&P 500 and the Dow Jones Industrial Average edged 0.1% higher. On Monday, the S&P 500 flipped from losses to gains after two Federal Reserve officials suggested interest rates might be held steady at the next policy meeting.

In a 'Vogue' '73 Questions' video, the actress's Oscar is spotted on the ground, propping open a doorHONG KONG — Chinese property developer Country Garden warned Tuesday that it cannot repay on time a 470 million Hong Kong dollar loan in the latest sign of distress after Beijing clamped down on mounting debts in the industry.

 

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