US: Dow, S&P 500 open higher on lower yields

THE Dow and the S&P 500 opened higher on Wednesday (Sep 28) as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple after it dropped plans to boost iPhone production.

The Dow Jones Industrial Average rose 63.9 points, or 0.22 per cent, at the open to 29,198.92.

The S&P 500 rose 4.7 points, or 0.13 per cent, at the open to 3,651.94​, while the Nasdaq Composite dropped 12.0 points, or 0.11 per cent, to 10,817.525 at the opening bell. REUTERS