Wall Street Opens Subdued as Investors Digest China Reopening

Wall Street Opens Subdued as Investors Digest China Reopening
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Dec. 7, 2022. (Brendan McDermid/Reuters)
Reuters
12/28/2022
Updated:
12/28/2022

Wall Street’s main indexes opened muted on Wednesday as optimism around unwinding of pandemic restrictions by China was offset by worries about rising COVID-19 cases in the world’s second-largest economy.

The Dow Jones Industrial Average rose 23.20 points, or 0.07 percent, at the open to 33,264.76.

The S&P 500 opened higher by 0.31 points, or 0.01 percent, at 3,829.56, while the Nasdaq Composite dropped 14.03 points, or 0.14 percent, to 10,339.20 at the opening bell.