US: Wall St opens higher on dovish Fed tone, Middle East tensions weigh

WALL Street’s main indexes opened higher on Tuesday (Oct 10) as US Treasury yields retreated following dovish comments from Federal Reserve policymakers overnight, though caution prevailed amid escalating tensions in the Middle East.

The Dow Jones Industrial Average rose 78.76 points, or 0.23 per cent, at the open to 33,683.41.

The S&P 500 opened higher by 4.09 points, or 0.09 per cent, at 4,339.75, while the Nasdaq Composite gained 21.57 points, or 0.16 per cent, to 13,505.81 at the opening bell. REUTERS