Wall Street Opens Higher as Nvidia Offsets Fed Jitters

Wall Street Opens Higher as Nvidia Offsets Fed Jitters
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 27, 2023. (Andrew Kelly/Reuters)
Reuters
2/23/2023
Updated:
2/23/2023

Wall Street’s main stock indexes opened higher on Thursday as a strong sales forecast from Nvidia boosted chipmakers, although a surprise fall in weekly jobless claims added to worries that the Federal Reserve will keep raising interest rates for longer.

The Dow Jones Industrial Average rose 130.30 points, or 0.39 percent, at the open to 33,175.39. The S&P 500 opened higher by 27.55 points, or 0.69 percent, at 4,018.60, while the Nasdaq Composite gained 129.86 points, or 1.13 percent, to 11,636.93 at the opening bell.