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SNAPSHOT Wall St opens higher as banking crisis fears ebb

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid

Wall Street’s main indexes opened higher on Wednesday as easing worries about a banking crisis lifted risk sentiment, while investor expectations rose about a pause in the Federal Reserve’s interest rate hikes.

The Dow Jones Industrial Average (.DJI) rose 172.29 points, or 0.53%, at the open to 32,566.54.

The S&P 500 (.SPX) opened higher by 28.26 points, or 0.71%, at 3,999.53, while the Nasdaq Composite (.IXIC) gained 139.51 points, or 1.19%, to 11,855.59 at the opening bell.

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