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(Reuters) – Wall Street’s main indexes opened higher on Monday, following better-than-expected results from Bank of America (NYSE:BAC) that were underpinned by the Federal Reserve’s rapid rate hikes.
The Dow Jones Industrial Average rose 424.8 points, or 1.43%, at the open to 30,059.58. The S&P 500 rose 55.6 points, or 1.55%, at the open to 3,638.65, while the Nasdaq Composite rose 254.3 points, or 2.46%, to 10,575.647 at the opening bell.
