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Wall Street Rises on Megacap Recovery and Positive Capital Goods Orders

Wall Street experiences a bullish opening on Tuesday as it rides the wave of encouraging capital goods orders and mega-cap stock resurgence.

Wall Street sign
Wall Street sign

Wall Street Ascends Amidst Upbeat Economic Data

Wall Street started Tuesday on an upbeat note, drawing strength from a recovery in mega-cap stocks and robust capital goods orders data. This positive momentum mitigated concerns over a decelerating U.S. economy, especially considering the aggressive interest rate hikes introduced by the Federal Reserve.

The Dow Jones, S&P 500, and Nasdaq Composite Experience Gains

In detail, the Dow Jones Industrial Average ascended by 24.32 points, marking an increase of 0.07%, to reach 33,739.03 at the opening. The S&P 500 also showed signs of strength, opening higher by 8.54 points or 0.20% at 4,337.36.

Nasdaq Composite Sees Noteworthy Uptick

The Nasdaq Composite, not to be outdone, experienced an impressive increase. It jumped 53.47 points or 0.40% to hit 13,389.25 at the opening bell, signaling an optimistic start to the trading day.