US: Megacaps’ rally lifts tech-heavy Nasdaq at open

WALL Street’s main indices opened higher on Monday (Mar 18), with a rally in megacap growth stocks and chipmakers supporting a sharp recovery in the tech-laden Nasdaq ahead of the US Federal Reserve’s meeting this week.

The Dow Jones Industrial Average rose 112.16 points, or 0.29 per cent, at the open to 38,826.93.

The S&P 500 opened higher by 37.68 points, or 0.74 per cent, at 5,154.77, while the Nasdaq Composite gained 181.75 points, or 1.14 per cent, to 16,154.92 at the opening bell. REUTERS