Wall Street Rises After Selloff, Labor Data on Tap

Wall Street Rises After Selloff, Labor Data on Tap
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on March 7, 2023. (Brendan McDermid/Reuters)
Reuters
3/8/2023
Updated:
3/8/2023

U.S. stock indexes opened slightly higher on Wednesday after a selloff in the previous session, with investors awaiting more comments from Federal Reserve Chair Jerome Powell and job openings data.

The Dow Jones Industrial Average rose 15.62 points, or 0.05 percent, at the open to 32,872.08. The S&P 500 opened higher by 1.18 points, or 0.03 percent, at 3,987.55, while the Nasdaq Composite gained 22.75 points, or 0.20 percent, to 11,553.09 at the opening bell.