US: Wall St opens higher as bank fears fade, focus on inflation data

WALL Street’s main indexes opened higher on Thursday (Mar 30) as fears of a banking crisis eased, while investor focus turned to key consumer spending data for cues on the Federal Reserve’s policy path.

The Dow Jones Industrial Average rose 89.83 points, or 0.27 per cent, at the open to 32,807.43.

The S&P 500 opened higher by 18.93 points, or 0.47 per cent, at 4,046.74, while the Nasdaq Composite gained 84.21 points, or 0.71 per cent, to 12,010.45 at the opening bell. REUTERS