Wall Street Opens Higher as Bank Stocks, Nike Gain

Traders work as Federal Reserve Chair Jerome Powell is seen on a screen delivering remarks at the New York Stock Exchange in New York City on March 16, 2022. (Brendan McDermid/Reuters)

Wall Street’s main indexes opened higher on Tuesday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike rose after upbeat quarterly results.

The Dow Jones Industrial Average rose 30.25 points, or 0.09 percent, at the open to 34,583.24.

The S&P 500 opened higher by 7.92 points, or 0.18 percent, at 4,469.10, while the Nasdaq Composite gained 27.97 points, or 0.20 percent, to 13,866.43 at the opening bell.