Wall Street opens higher boosted by tech rebound

Major equity indexes in the U.S. started the day sharply higher on Tuesday as the U.S. decision to ease trade restrictions imposed on Chinese tech-giant Huawei helped the risk sentiment turn positive and allowed the technology index to gain traction. As of writing, the Dow Jones Industrial Average was up 0.5% on the day while the Nasdaq Composite and the S&P 500 were adding 0.9% and 0.65% respectively.

Among the 11-major S&P 500 sectors, the Technology Index gains 0.95% on the day to lead the rally while the Materials and the Healthcare rise 0.9% and 0.8% in the early trade. The only sector in the negative territory was Consumer Staples at the time of press.