US: Wall St opens higher on megacap strength, Fed verdict awaited

WALL Street’s main indexes opened higher on Monday (Apr 29) as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve’s interest rate decision later in the week.

The Dow Jones Industrial Average rose 42.5 points, or 0.11 per cent, at the open to 38,282.16.

The S&P 500 rose 14.2 points, or 0.28 per cent, at the open to 5,114.13​, while the Nasdaq Composite rose 79.1 points, or 0.50 per cent, to 16,006.998 at the opening bell. REUTERS