US: Wall Street muted at open after recent bounce; banks in focus

WALL Street’s main indexes were subdued at the open on Tuesday (Mar 28) following a three-day rally in the S&P 500 and the Dow that was fuelled by support measures for the banking sector and a deal for Silicon Valley Bank assets.

The Dow Jones Industrial Average rose 2.77 points, or 0.01 per cent, at the open to 32,434.85.

The S&P 500 opened lower by 3.40 points, or 0.09 per cent, at 3,974.13, while the Nasdaq Composite dropped 16.07 points, or 0.14 per cent, to 11,752.76 at the opening bell. REUTERS