US: Wall St opens higher after post-Fed losses

[NEW YORK] US stocks opened higher on Monday, recovering some of their big losses last week when the Federal Reserve's decision to keep interest rates near zero raised concerns about the health of the global economy.

The Dow Jones industrial average rose 79.31 points, or 0.48 per cent, to 16,463.89, the S&P 500 gained 8.29 points, or 0.42 per cent, to 1,966.32 and the Nasdaq composite added 28.20 points, or 0.58 per cent, to 4,855.43.

REUTERS