S&P 500, Nasdaq open higher as chips rebound, yields retreat

[NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (May 18) as heavyweight semiconductor stocks recovered, while a bond market rout that had sparked a selloff the previous week appeared to cool.

The Dow Jones Industrial Average fell 45.1 points, or 0.09 per cent, at the open to 49481.04.

The S&P 500 rose 6.6 points, or 0.09 per cent, to 7415.07​, while the Nasdaq Composite rose 64.3 points, or 0.25 per cent, to 26289.49. REUTERS