Salem Radio Network News Saturday, May 28, 2022


Wall Street opens higher after three-day slump

(Reuters) – Wall Street’s main indexes opened higher on Tuesday with investors buying into beaten-down banks and megacap growth stocks following a three-day sell-off on concerns over aggressive monetary tightening and slowing economic growth.

The Dow Jones Industrial Average rose 258.4 points, or 0.80%, at the open to 32504.09. The S&P 500 rose 43.9 points, or 1.10%, at the open to 4035.18‚Äč, while the Nasdaq Composite rose 277.1 points, or 2.38%, to 11900.343 at the opening bell.

(Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)


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Michael Ramirez
Thu, May 19, 2022