Wall Street Opens Higher as Bank Fears Fade, Focus on Inflation Data

Wall Street Opens Higher as Bank Fears Fade, Focus on Inflation Data
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 29, 2023. (Brendan McDermid/Reuters)
Reuters
3/30/2023
Updated:
3/30/2023

Wall Street’s main indexes opened higher on Thursday as fears of a banking crisis eased, while investor focus turned to key consumer spending data for cues on the Federal Reserve’s policy path.

The Dow Jones Industrial Average rose 89.83 points, or 0.27 percent, at the open to 32,807.43. The S&P 500 opened higher by 18.93 points, or 0.47 percent, at 4,046.74, while the Nasdaq Composite gained 84.21 points, or 0.71 percent, to 12,010.45 at the opening bell.