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Wall Street Climbs at Open on Energy, Banks Boost

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A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 26, 2022. (Brendan McDermid/Reuters)

Wall Street’s main indexes opened higher on Thursday on gains in economy-sensitive energy and financial stocks, a day after hawkish comments from the Federal Reserve weighed on markets.

The Dow Jones Industrial Average rose 93.66 points, or 0.27 percent, at the open to 34,261.75. The S&P 500 opened higher by 30.65 points, or 0.70 percent, at 4,380.58, while the Nasdaq Composite gained 168.87 points, or 1.25 percent, to 13,710.99 at the opening bell.

Reuters

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