Wall Street Opens Higher After Brutal Selloff

A Wall Street sign outside the New York Stock Exchange in the Manhattan borough of New York on April 16, 2021. Carlo Allegri/Reuters

Wall Street’s main indexes opened higher on Tuesday, after five sessions of relentless selling on worries of a rate-hike induced economic slowdown.

The Dow Jones Industrial Average rose 159.1 points, or 0.54 percent, at the open to 29419.88. The S&P 500 rose 31.4 points, or 0.86 percent, at the open to 3686.44​, while the Nasdaq Composite rose 152.4 points, or 1.41 percent, to 10955.288 at the opening bell.