Wall Street rose in early trading Tuesday, as investors speculated that lawmakers will pass the 700 billion U.S. dollars rescue plan on their revote.
The U.S. House voted down a proposed rescue plan for the financial sector Monday, which sent Dow Jones to its steepest point losses in history. U.S. President Bush said Tuesday Morning that "Congress must act". Traders currently are optimistic that the House will pass the bill later this week.
Meanwhile, investors also awaited economic data right after the opening bell. The Chicago Purchasing Managers' index, which measures business conditions across Illinois, Michigan and Indiana, will help shape the sentiment.
The Dow Jones rose 174.90 to 10,540.35. Broader indexes also climbed. The Standard & Poor's 500 index advanced 24.46 to 1,130.88; and the Nasdaq rose 49.72 to 2,033.45.
Source: Xinhua
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