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Wall Street opens higher after Fed-driven selloff



© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened higher on Thursday, following a selloff in the previous session after the Federal Reserve dashed hopes for early interest rate cuts, with focus now on economic data and Big Tech earnings later in the day.

The opened higher by 15.46 points, or 0.32%, at 4,861.11, while the gained 90.01 points, or 0.59%, to 15,254.02 at the opening bell.

The rose 25.04 points, or 0.07%, at the open to 38,175.34.

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