Stock Market News

Wall Street opens higher as BofA gains on earnings beat

2022.10.17 09:51

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© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 7, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Monday, following better-than-expected results from Bank of America (NYSE:) that were underpinned by the Federal Reserve’s rapid rate hikes.

The rose 424.8 points, or 1.43%, at the open to 30,059.58. The rose 55.6 points, or 1.55%, at the open to 3,638.65​, while the rose 254.3 points, or 2.46%, to 10,575.647 at the opening bell.

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