Wall Street Muted at Open After Recent Bounce; Banks in Focus

Wall Street Muted at Open After Recent Bounce; Banks in Focus
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 27, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes were subdued at the open on Tuesday following a three-day rally in the S&P 500 and the Dow that was fueled by support measures for the banking sector and a deal for Silicon Valley Bank assets.

The Dow Jones Industrial Average rose 2.77 points, or 0.01 percent, at the open to 32,434.85.

The S&P 500 opened lower by 3.40 points, or 0.09 percent, at 3,974.13, while the Nasdaq Composite dropped 16.07 points, or 0.14 percent, to 11,752.76 at the opening bell.

Story continues below advertisement