Wall Street Opens Higher on Megacap Boost

Wall Street Opens Higher on Megacap Boost
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 27, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes opened higher on Wednesday, with megacap growth stocks providing a boost as markets assessed a slew of comments from Federal Reserve officials to gauge the outlook for interest rates,

The Dow Jones Industrial Average rose 33.32 points, or 0.10 percent, at the open to 34,185.92. The S&P 500 opened higher by 5.99 points, or 0.14 percent, at 4,384.37, while the Nasdaq Composite gained 20.36 points, or 0.15 percent, to 13,660.22 at the opening bell.