Wed, 20 Oct 2021

U.S. stocks open higher after prior session's rout

Xinhua
22 Sep 2021, 02:05 GMT+10

NEW YORK, Sept. 21 (Xinhua) -- U.S. stocks rose on Tuesday morning, trying to recoup some of the massive losses they had suffered in the previous session.

Shortly after the opening bell, the Dow Jones Industrial Average rebounded 179.19 points, or 0.53 percent, to 34,149.66. The S&P 500 climbed 21.64 points, or 0.50 percent, to 4,379.37. The Nasdaq Composite Index added 79.63 points, or 0.54 percent, to 14,793.63.

All the 11 primary S&P 500 sectors advanced in morning trading, with health care up more than 1 percent, leading the gains.

Wall Street is keeping a close eye on the Federal Reserve as the U.S. central bank kicks off its two-day meeting on Tuesday, followed by a policy announcement and a news conference by Fed Chair Jerome Powell on Wednesday.

On Monday, U.S. equities closed sharply lower with the Dow down more than 600 points, amid market jitters.

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