Wall St opens higher as chipmakers, megacap growth stocks rebound

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Wall St opens higher as chipmakers, megacap growth stocks rebound © Reuters. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Tuesday as most megacap growth stocks and chipmakers advanced, while investors awaited more economic data in a holiday-shortened week to assess the Federal Reserve’s interest-rate path.

The rose 24.68 points, or 0.06%, at the open, to 39,338.32. The opened higher by 10.66 points, or 0.20%, at 5,228.85, while the gained 62.38 points, or 0.38%, to 16,446.85 at the opening bell.

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