Salem Radio Network News Thursday, July 7, 2022

Business

Wall Street opens sharply higher as technology, growth stocks rebound

(Reuters) – Wall Street’s main indexes opened higher on Tuesday, as solid retail sales data and a clutch of strong forecasts added to an upbeat global mood driven by hopes of easing crackdown on tech firms and COVID-19 in China.

The Dow Jones Industrial Average rose 203.58 points, or 0.63%, at the open to 32,427.00. The S&P 500 opened higher by 43.99 points, or 1.10%, at 4,052.00, while the Nasdaq Composite gained 242.78 points, or 2.08%, to 11,905.57 at the opening bell.

(Reporting by Amruta Khandekar in Bengaluru; Editing by Sriraj Kalluvila)

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