Finace And Stock

Wall Street opens higher on big tech bounce; cyclicals rise

Wall Street’s main indexes opened higher on Tuesday as technology shares recovered from a sharp selloff, while economy-sensitive cyclical stocks were in favor ahead of closely watched monthly payrolls data later in the week.

The Nasdaq Composite gained 57.38 points, or 0.40 per cent, to 14,312.86 at the opening bell, while the S&P 500 opened higher by 9.41 points, or 0.22 per cent, at 4,309.87.

The Dow Jones Industrial Average rose 32.33 points, or 0.10 per cent, at the open to 34,035.25.


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