S&P, Nasdaq open higher on oil retreat, tech optimism
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Sep 29), helped by a pullback in oil prices, while...
On Tuesday (Sep 29), financial markets in the United States opened with a positive note, buoyed by a decrease in oil prices and growing optimism surrounding technology stocks. The S&P 500 and the Nasdaq both started the trading day on an upward trajectory.
The Dow Jones Industrial Average, on the other hand, experienced a slight decline, opening 64.6 points, or 0.13 percent, lower at 51,416.96. Despite the Dow's modest drop, the broader market sentiment remained favorable.
The S&P 500 experienced a gain of 15.9 points, or 0.21 percent, bringing its opening price to 7,699.6. Meanwhile, the Nasdaq Composite saw a rise of 84.22 points, or 0.31 percent, at the opening bell, reaching a level of 26,904.60.
Positive media reports about Anthropic's planned public offering also contributed to the optimism surrounding technology stocks. The details of Anthropic's offering were reported to be favorable, which further encouraged investors in the tech sector.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
