US: Wall St opens higher as growth stocks rise, higher yields weigh

WALL Street’s main indexes opened higher on Monday (Apr 8) as most megacap stocks gained, although gains were kept in check after Treasury yields rose on rising bets that the US Federal Reserve could delay rate cuts this year.

The Dow Jones Industrial Average rose 12.38 points, or 0.03 per cent, at the open to 38,916.42.

The S&P 500 opened higher by 7.03 points, or 0.14 per cent, at 5,211.37, while the Nasdaq Composite gained 36.66 points, or 0.23 per cent, to 16,285.18 at the opening bell. REUTERS