© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 7, 2022. REUTERS/Brendan McDermid/File Photo
US500
+2.42%
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DJI
+1.65%
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BAC
+5.11%
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IXIC
+2.98%
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(Reuters) – Wall Street’s main indexes opened higher on Monday, following better-than-expected results from Bank of America (NYSE:BAC) that were underpinned by the Federal Reserve’s rapid rate hikes.
The Dow Jones Industrial Average rose 424.8 points, or 1.43%, at the open to 30,059.58. The S&P 500 rose 55.6 points, or 1.55%, at the open to 3,638.65, while the Nasdaq Composite rose 254.3 points, or 2.46%, to 10,575.647 at the opening bell.
Source: Investing.com