US: Wall St opens higher on hopes of slowing rate hikes

WALL Street’s main indexes opened higher on Tuesday (Nov 1), with Nasdaq in the lead, as investors hoped the US Federal Reserve may tone down its aggressive approach on interest rate hikes.

The Dow Jones Industrial Average rose 129.84 points, or 0.40 per cent, at the open to 32,862.79.

The S&P 500 opened higher by 29.81 points, or 0.77 per cent, at 3,901.79, while the Nasdaq Composite gained 166.59 points, or 1.52 per cent, to 11,154.74 at the opening bell. REUTERS