Wall Street Opens Higher After Fed-Driven Selloff

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Wall Street’s main indexes opened higher on Thursday, following a selloff in the previous session after the Federal Reserve dashed hopes for early interest rate cuts, with focus now on economic data and Big Tech earnings later in the day.

The S&P 500 opened higher by 15.46 points, or 0.32 percent, at 4,861.11, while the Nasdaq Composite gained 90.01 points, or 0.59 percent, to 15,254.02 at the opening bell.

The Dow Jones Industrial Average rose 25.04 points, or 0.07 percent, at the open to 38,175.34.

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