US stocks bounce back after Monday’s rout

By Yomna Yasser On Aug 6, 2024

US Dow — View of the US flag as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo Credit: REUTERS/Brendan McDermid)

US stocks opened higher on Tuesday morning ET, with investors snapping up discounted stocks following a broad market decline the previous day. Positive sentiment was also fueled by dovish comments from Federal Reserve officials.

At 09:45 ET (13:45 GMT), the Dow Jones Industrial Average increased 88.44 points at the open to 38,638.30.

The S&P 500 opened higher by 14.84 points, or 29 per cent, at 5,194.67. On the other hand, the Nasdaq Composite was 39.98 points, or 0.25 per cent down, to 16,150.45.

Attribution: Data compiled from Investing