Wall Street Opens Higher on Hopes of Slowing Rate Hikes

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange on Oct. 26, 2020. Mike Segar/Reuters

Wall Street’s main indexes opened higher on Tuesday, with Nasdaq in the lead, as investors hoped the U.S. Federal Reserve may tone down its aggressive approach on interest rate hikes.

The Dow Jones Industrial Average rose 129.84 points, or 0.40 percent, at the open to 32,862.79.