Wall Street Opens Higher as GDP Data Keeps Recession Worries at Bay

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 7, 2022. Brendan McDermid/Reuters

Wall Street’s main indexes opened higher on Thursday after data showed U.S. economic growth rebounded in the third quarter, keeping at bay worries about an imminent recession fueled by aggressive monetary policy tightening.

The Dow Jones Industrial Average rose 223.03 points, or 0.70 percent, at the open to 32,062.14.