Wall Street’s main indexes opened higher on Wednesday as Treasury yields retreated ahead of a likely pause in the Federal Reserve’s policy tightening campaign, though concerns over rates staying higher for longer kept investor sentiment in check.
The Dow Jones Industrial Average rose 57.77 points, or 0.17 percent, at the open to 34,575.50. The S&P 500 opened higher by 8.86 points, or 0.20 percent, at 4,452.81, while the Nasdaq Composite gained 32.07 points, or 0.23 percent, to 13,710.26 at the opening bell.
