Wall Street Opens Higher After Worst Weekly Selloff of 2023

Wall Street Opens Higher After Worst Weekly Selloff of 2023
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Feb. 17, 2023. (Brendan McDermid/Reuters)
Reuters
2/27/2023
Updated:
2/27/2023

Wall Street’s main indexes opened higher on Monday as investors bought beaten-down shares after the main benchmarks suffered their worst weekly selloff of the year on worries of aggressive interest-rate hikes.

The Dow Jones Industrial Average rose 89.24 points, or 0.27 percent, at the open to 32,906.16.

The S&P 500 opened higher by 22.32 points, or 0.56 percent, at 3,992.36, while the Nasdaq Composite gained 122.25 points, or 1.07 percent, to 11,517.19 at the opening bell.