Wall Street opens higher after Evergrande-led rout

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. REUTERS/Brendan McDermid/File Photo

(Reuters) – U.S. stocks opened higher on Tuesday as investors tried to shake off fears of contagion from a potential collapse of China’s Evergrande, with focus also turning to a Federal Reserve meeting for more cues on monetary policy.

The Dow Jones Industrial Average rose 55.14 points, or 0.16%, at the open to 34,025.61.

The S&P 500 opened higher by 16.72 points, or 0.38%, at 4,374.45. The Nasdaq Composite gained 89.46 points, or 0.61%, to 14,803.36 at the opening bell.

Source: Read Full Article