Wall Street Muted at Open After Recent Bounce; Banks in Focus

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 27, 2023. (Brendan McDermid/Reuters)

Wall Street’s main indexes were subdued at the open on Tuesday following a three-day rally in the S&P 500 and the Dow that was fueled 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 percent, at the open to 32,434.85.

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