Wall Street Rebounds After Major Stocks Rout

Wall Street's main indexes saw a positive opening on Tuesday as investors sought bargains following a global stocks rout. Additionally, dovish comments from Federal Reserve officials buoyed the market sentiment. The Dow Jones, S&P 500, and Nasdaq Composite all experienced gains at the opening bell.

Wall Street's primary indexes saw an encouraging start on Tuesday as investors looked for bargains following a global stock market slump in the previous session. Sentiment was further lifted by dovish interest rate comments from Federal Reserve officials.

The Dow Jones Industrial Average gained 1.16 points, opening at 38,704.43.

Meanwhile, the S&P 500 opened 17.73 points higher, or a 0.34% increase, reaching 5,204.06, and the Nasdaq Composite climbed by 63.7 points, or 0.39%, to 16,263.7 as the market began trading.

(With inputs from agencies.)