US: Wall Street opens higher after Fed-driven sell-off

WALL Street’s main indexes opened higher on Thursday (Feb 1), following a sell-off in the previous session after the Federal Reserve dashed hopes for early interest rate cuts, with focus now on economic data and Big Tech earnings later in the day.

The S&P 500 opened higher by 15.46 points, or 0.32 per cent, at 4,861.11, while the Nasdaq Composite gained 90.01 points, or 0.59 per cent, to 15,254.02 at the opening bell.

The Dow Jones Industrial Average rose 25.04 points, or 0.07 per cent, at the open to 38,175.34. REUTERS