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US: Wall Street opens sharply higher as technology, growth stocks rebound

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Published Tue, May 17, 2022 · 10:01 PM
    • The Nasdaq Composite gained 242.78 points or 2.08 per cent to 11,905.57 at the opening bell.
    • The Nasdaq Composite gained 242.78 points or 2.08 per cent to 11,905.57 at the opening bell. REUTERS

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    WALL Street’s main indexes opened higher on Tuesday, as solid retail sales data and a clutch of strong forecasts added to an upbeat global mood driven by hopes of easing crackdown on tech firms and Covid-19 in China.

    The Dow Jones Industrial Average rose 203.58 points or 0.63 per cent at the open to 32,427.00.

    The S&P 500 opened higher by 43.99 points or 1.10 per cent at 4,052.00, while the Nasdaq Composite gained 242.78 points or 2.08 per cent to 11,905.57 at the opening bell. REUTERS

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