US: Wall Street opens higher after three-day slump
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WALL Street’s main indexes opened higher on Tuesday with investors buying into beaten-down banks and megacap growth stocks following a three-day sell-off on concerns over aggressive monetary tightening and slowing economic growth.
The Dow Jones Industrial Average rose 258.4 points, or 0.80 per cent, at the open to 32504.09. The S&P 500 rose 43.9 points, or 1.10 per cent, at the open to 4035.18, while the Nasdaq Composite rose 277.1 points, or 2.38 per cent, to 11900.343 at the opening bell. REUTERS
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