US: Wall St opens higher after worst weekly selloff of 2023

WALL Street’s main indexes opened higher on Monday (Feb 27) as investors bought beaten-down shares after the main benchmarks suffered their worst weekly selloff of the year on worries of aggressive interest-rate hikes.

The Dow Jones Industrial Average rose 89.24 points, or 0.27 per cent, at the open to 32,906.16.

The S&P 500 opened higher by 22.32 points, or 0.56 per cent, at 3,992.36, while the Nasdaq Composite gained 122.25 points, or 1.07 per cent, to 11,517.19 at the opening bell. REUTERS