Wall Street Opens Higher on Dovish Fed Tone, Middle East Tensions Weigh

Wall Street Opens Higher on Dovish Fed Tone, Middle East Tensions Weigh
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Sept. 11, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes opened higher on Tuesday as U.S. Treasury yields retreated following dovish comments from Federal Reserve policymakers overnight, though caution prevailed amid escalating tensions in the Middle East.

The Dow Jones Industrial Average rose 78.76 points, or 0.23 percent, at the open to 33,683.41.

The S&P 500 opened higher by 4.09 points, or 0.09 percent, at 4,339.75, while the Nasdaq Composite gained 21.57 points, or 0.16 percent, to 13,505.81 at the opening bell.