US: Wall Street opens higher after bruising week

US stock indexes opened higher on Tuesday as investors returned from a long weekend to scoop up shares of megacap growth companies and banks that were hammered in a rout last week on worries over a global economic downturn.

The Dow Jones Industrial Average rose 185.91 points, or 0.62 per cent, at the open to 30,074.69.

The S&P 500 opened higher by 40.47 points, or 1.10 per cent, at 3,715.31, while the Nasdaq Composite gained 175.70 points, or 1.63 per cent, to 10,974.05 at the opening bell. REUTERS