US: Wall St opens higher as bank fears ease, focus on Fed

WALL Street’s main indexes opened higher on Tuesday (Mar 21) as the rescue of Credit Suisse calmed nerves about a bigger banking crisis, while investors awaited the outcome of the Federal Reserve’s monetary policy meet.

The Dow Jones Industrial Average rose 176.13 points, or 0.55 per cent, at the open to 32,420.71.

The S&P 500 opened higher by 24.32 points, or 0.62 per cent, at 3,975.89, while the Nasdaq Composite gained 89.25 points, or 0.76 per cent, to 11,764.79 at the opening bell. REUTERS