Key facts
- Major U.S. stock indexes opened higher on Tuesday, reversing earlier declines.
- Falling oil prices provided some relief to markets.
- Investors are awaiting the Federal Reserve's interest rate decision on Wednesday.
- The Dow Jones Industrial Average rose 22.3 points, or 0.04%, at the open.
- The S&P 500 rose 15.5 points, or 0.20%, at the open.
- The Nasdaq Composite rose 126.9 points, or 0.49%, at the open.
Major U.S. stock indexes opened higher on Tuesday, reversing a two-day slide as falling oil prices offered some relief to investors. The market is in a tense wait for the Federal Reserve's interest rate decision, due on Wednesday.
The Dow Jones Industrial Average rose 22.3 points, or 0.04%, at the open to 52,115.4. The S&P 500 gained 15.5 points, or 0.20%, to 7,601.25, while the Nasdaq Composite climbed 126.9 points, or 0.49%, to 26,108.462.
Earlier in the session, indexes had opened lower due to rising oil prices, Treasury yields, and uncertainty surrounding artificial intelligence development. However, the shift to higher openings suggests a change in sentiment as oil prices eased.