Stocks open higher on Wall Street a day after broad sell-off
Companies, agencies, institutions, etc
S&P
Nasdaq
the Labor Department's
the Federal Reserve
Dow
1,761.79.Big
Apple
Microsoft
Treasury
the Federal Reserve's
Peloton
Sysco
Biohaven Pharmaceutical
Pfizer
People
Randy Frederick
Charles Schwab
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Locations
YORK
Russia
Ukraine
U.S.
Los Angeles.24/7
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Summary
A day earlier, the benchmark index slumped 3.2%, hitting its lowest level in more than a year.The Dow Jones Industrial Average slipped 0.3%, while the tech-heavy Nasdaq climbed about 1%.Big technology stocks, which have been swinging sharply both up and down recently, helped counter losses elsewhere in the market.The market's see-saw action came ahead of the release of the Labor Department's consumer price index, a key economic report on inflation that investors will be closely watching as they try to gauge how aggressively the Federal Reserve will raise interest rates as it fights inflation.Economists expect the index eased to 8.1% in the 12 months ended in April.
As said here by JOE McDONALD AP Business Writer