US: Wall St opens higher as focus shifts to Powell’s testimony

WALL Street’s main indexes opened higher on Monday (Mar 6), as Treasury yields retreated ahead of Federal Reserve chair Jerome Powell’s testimony and jobs data this week that could offer fresh cues on the trajectory of interest rates.

The Dow Jones Industrial Average rose 34.35 points, or 0.10 per cent, at the open to 33,425.32.

The S&P 500 opened higher by 9.51 points, or 0.24 per cent, at 4,055.15, while the Nasdaq Composite gained 47.86 points, or 0.41 per cent, to 11,736.87 at the opening bell. REUTERS