Wall St opens higher as markets mull Fed's next step

US stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this week.

The Dow Jones Industrial Average rose 127.6 points, or 0.27 percent, at the open to 47,416.91. The S&P 500 rose 18.3 points, or 0.27 percent, at the open to 6,830.96, while the Nasdaq Composite rose 103.8 points, or 0.45 percent, to 23,379.749 at the opening bell.

REUTERS