Wall Street Climbs at Open on Energy, Banks Boost

A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 26, 2022. Brendan McDermid/Reuters

Wall Street’s main indexes opened higher on Thursday on gains in economy-sensitive energy and financial stocks, a day after hawkish comments from the Federal Reserve weighed on markets.

The Dow Jones Industrial Average rose 93.66 points, or 0.27 percent, at the open to 34,261.75. The S&P 500 opened higher by 30.65 points, or 0.70 percent, at 4,380.58, while the Nasdaq Composite gained 168.87 points, or 1.25 percent, to 13,710.99 at the opening bell.