US: Wall St opens higher after report of selective Trump tariffs; chip stocks gain

WALL Street’s main indexes opened higher on Monday (Jan 6) as optimism around AI boosted technology stocks, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated.

The Dow Jones Industrial Average rose 103.4 points, or 0.24 per cent, at the open to 42,835.52.

The S&P 500 rose 40.3 points, or 0.68 per cent, to 5,982.81, while the Nasdaq Composite rose 230.3 points, or 1.17 per cent, to 19,851.99. REUTERS