US: Wall St opens higher as Nvidia offsets Fed jitters

WALL Street’s main stock indexes opened higher on Thursday (Feb 23) as a strong sales forecast from Nvidia boosted chipmakers, although a surprise fall in weekly jobless claims added to worries that the Federal Reserve will keep raising interest rates for longer.

The Dow Jones Industrial Average rose 130.30 points, or 0.39 per cent, at the open to 33,175.39.

The S&P 500 opened higher by 27.55 points, or 0.69 per cent, at 4,018.60, while the Nasdaq Composite gained 129.86 points, or 1.13 per cent, to 11,636.93 at the opening bell. REUTERS