US: Wall Street opens higher after upbeat data, megacaps recover

WALL Street opened higher on Tuesday (Jun 27), as megacap stocks recovered and upbeat capital goods orders data allayed concerns about a slowing US economy in the face of Federal Reserve’s aggressive interest rate hikes.

The Dow Jones Industrial Average rose 24.32 points, or 0.07 per cent, at the open to 33,739.03.

The S&P 500 opened higher by 8.54 points, or 0.20 per cent, at 4,337.36, while the Nasdaq Composite gained 53.47 points, or 0.40 per cent, to 13,389.25 at the opening bell. REUTERS