Wall Street Bounces a Little at Open but Caution Dominates; Dow up 150 Pts By Investing.com
Investing.com — The U.S. stock market opened higher Tuesday in an attempt to recover from the general mood of uncertainty that prevailed ahead of Friday’s government’s September Labor Market Report.
At 34,160 point, the index was at 9:35 am ET (1333 GMT) and had risen 156 points or 0.5% by that time. The was at 0.3%, while the dropped by more than 2% Monday and had rebounded to 0.4%.
According to earlier data, imports into America hit an all-time high of 10% in August. This is a result of businesses building inventories for the holiday season. This is reflected in the unprecedented number of vessels awaiting to arrive at west coast ports such as Los Angeles.
The following are some of the most common movers: Pepsico (NASDAQ) Stock rose 0.9% despite increasing its earnings guidance for full-year. An otherwise strong quarter was marred by concerns about slowing volume growth.
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