US: Stocks open higher on back of inflation jitters

[NEW YORK] US stock indexes opened higher on Monday as economically resilient sectors benefited from inflation jitters, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending.

The Dow Jones Industrial Average rose 28.52 points, or 0.08 per cent, at the open to 36,128.83.

The S&P 500 opened higher by 6.45 points, or 0.14 per cent, at 4,689.30, while the Nasdaq Composite gained 33.86 points, or 0.21 per cent, to 15,894.82 at the opening bell.

REUTERS