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



BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to