Wall Street opens higher a day after Dow entered bear market

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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. Stocks are opening solidly higher on Wall Street a day after the Dow Jones Industrial Average followed other major U.S. indexes in entering a bear market. PHOTO CREDIT: Ahn Young-joon
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. Stocks are opening solidly higher on Wall Street a day after the Dow Jones Industrial Average followed other major U.S. indexes in entering a bear market. PHOTO CREDIT: Ahn Young-joon
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Posted By: The Associated Press September 27, 2022

NEW YORK — Stocks are opening solidly higher on Wall Street a day after the Dow Jones Industrial Average followed other major U.S. indexes in entering a bear market.

The Dow was up a bit more than 1% in the early going today, and the S&P 500 was up 1.5%.

Gains for technology companies helped push the Nasdaq composite up 2%.

Energy prices rose and Treasury yields eased lower.

With just a few days left in September, stocks are heading for another losing month as markets fear that the higher interest rates being used to fight inflation could knock the economy into a recession.

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