Wall Street opens higher as bank stocks rise

Wall Street opens higher as bank stocks rise

U.S. stocks opened slightly higher on Tuesday, with bank stocks gaining as the Federal Reserve kicked off its two-day policy meeting, while a historic U.S.-North Korea summit failed to impress investors.

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2018. REUTERS/Brendan McDermid

REUTERS: U.S. stocks opened slightly higher on Tuesday, with bank stocks gaining as the Federal Reserve kicked off its two-day policy meeting, while a historic U.S.-North Korea summit failed to impress investors.

The Dow Jones Industrial Average rose 24.51 points, or 0.10 percent, at the open to 25,346.82. The S&P 500 opened higher by 3.60 points, or 0.13 percent, at 2,785.60. The Nasdaq Composite gained 13.95 points, or 0.18 percent, to 7,673.87 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru)

Source: Reuters

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