Nasdaq jumps 2% at open as Treasury yields ease By Reuters


© Reuters. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. REUTERS/Andrew Kelly

(Reuters) – The tech-heavy Nasdaq led Wall Street higher on Tuesday as easing U.S. Treasury yields boosted megacap growth and technology stocks, while investors awaited more economic data to gauge the Federal Reserve’s rate hike path.

The rose 335.78 points, or 1.14%, at the open to 29,826.67. The opened higher by 48.03 points, or 1.31%, at 3,726.46, while the gained 239.28 points, or 2.21%, to 11,054.72 at the opening bell.

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