Wall Street Opens Higher as Tech Stocks Rebound, Oil Drops

Wall Street Opens Higher as Tech Stocks Rebound, Oil Drops
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 22, 2022. (Brendan McDermid/Reuters)
Reuters
8/31/2022
Updated:
8/31/2022

U.S. stock indexes opened higher on Wednesday as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.

The Dow Jones Industrial Average rose 36.28 points, or 0.11 percent, at the open to 31,827.15. The S&P 500 opened higher by 14.51 points, or 0.36 percent, at 4,000.67, while the Nasdaq Composite gained 89.42 points, or 0.75 percent, to 11,972.56 at the opening bell.