Wall Street Opens Higher as Bank Fears Ease, Focus on Fed

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 20, 2023. (Brendan McDermid/Reuters)

Wall Street’s main indexes opened higher on Tuesday as the rescue of Credit Suisse calmed nerves about a bigger banking crisis, while investors awaited the outcome of the Federal Reserve’s monetary policy meet.

The Dow Jones Industrial Average rose 176.13 points, or 0.55 percent, at the open to 32,420.71. The S&P 500 opened higher by 24.32 points, or 0.62 percent, at 3,975.89, while the Nasdaq Composite gained 89.25 points, or 0.76 percent, to 11,764.79 at the opening bell.