Wall Street Opens Higher Thanks to Big Tech Bounce; cyclicals increase

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The Nasdaq Composite gained 57.38 points, or 0.40 percent, to 14,312.86 at the opening bell.

Wall Streets major indices opened higher Tuesday as tech stocks rebounded from a strong selloff, while economy-sensitive cyclical stocks were in favor ahead of monthly payroll data seen. closely at the end of the week.

The Nasdaq Composite gained 57.38 points, or 0.40 percent, to 14,312.86 at the opening bell, while the S&P 500 opened higher at 9.41 points, or 0.22 percent, at 4,309, 87.