US STOCKS SNAPSHOT-Wall Street opens higher after upbeat data, megacaps recover

US STOCKS SNAPSHOT-Wall Street opens higher after upbeat data, megacaps recover

Wall Street opened higher on Tuesday, as megacap stocks recovered and upbeat capital goods orders data allayed concerns about a slowing U.S. economy in the face of Federal Reserve's aggressive interest rate hikes.

The Dow Jones Industrial Average rose 24.32 points, or 0.07%, at the open to 33,739.03. The S&P 500 opened higher by 8.54 points, or 0.20%, at 4,337.36, while the Nasdaq Composite gained 53.47 points, or 0.40%, to 13,389.25 at the opening bell.

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