Wall Street's main indexes opened higher on Thursday (March 23) after the Federal Reserve hinted it was close to pausing interest rate hikes amid a turmoil in the banking sector that threatens to cause a severe economic downturn.

The Dow Jones Industrial Average rose 71.38 points, or 0.22%, at the open to 32,101.49.

The S&P 500 opened higher by 22.24 points, or 0.56%, at 3,959.21, while the Nasdaq Composite gained 141.36 points, or 1.21%, to 11,811.32 at the opening bell.

  - Reuters