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Wall Street’s main indexes opened higher on Tuesday after two sessions of losses on fears of aggressive policy tightening by the Federal Reserve, with investors looking ahead to data on consumer confidence and job openings later in the day.
The Dow Jones Industrial Average traded 88 points higher, or 0.3%. The S&P 500 advanced 0.3%, and the Nasdaq Composite added 0.6%.
Investors awaited U.S. consumer confidence data, due at 10:00 a.m. ET, which is expected to show the gauge to have risen to 97.9 points in August from a 95.7 in July.
Fed Bank of Richmond President Thomas Barkin reiterated on Tuesday that the central bank would not flinch in its efforts to cool prices. He also cautioned that it might not be a smooth process.
MORE TO COME…
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