Wall Street opens higher after Evergrande-led rout

U.S. stocks opened higher on Tuesday as investors tried to shake off fears of contagion from a potential collapse of China’s Evergrande, with focus also turning to a Federal Reserve meeting for more cues on monetary policy.

The Dow Jones Industrial Average rose 55.14 points, or 0.16 per cent, at the open to 34,025.61.

The S&P 500 opened higher by 16.72 points, or 0.38 per cent, at 4,374.45. The Nasdaq Composite gained 89.46 points, or 0.61 per cent, to 14,803.36 at the opening bell.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.