US: Nasdaq jumps 2% at open as Treasury yields ease

THE tech-heavy Nasdaq led Wall Street higher on Tuesday (Oct 4) as easing US Treasury yields boosted megacap growth and technology stocks, while investors awaited more economic data to gauge the Federal Reserve’s rate hike path.

The Dow Jones Industrial Average rose 335.78 points, or 1.14 per cent, at the open to 29,826.67. The S&P 500 opened higher by 48.03 points, or 1.31 per cent, at 3,726.46, while the Nasdaq Composite gained 239.28 points, or 2.21 per cent, to 11,054.72 at the opening bell. REUTERS