US: Wall Street opens higher after recent selloff

WALL Street’s main indexes opened higher on Thursday (Dec 8) following a recent selloff, sparked by renewed fears that aggressive rate hikes by the US Federal Reserve could tip the world’s largest economy into recession.

The Dow Jones Industrial Average rose 98.05 points, or 0.29 per cent, to 33,695.97 at the open.

The S&P 500 opened higher by 13.87 points, or 0.35 per cent, at 3,947.79, while the Nasdaq Composite gained 52.78 points, or 0.48 per cent, to 11,011.33 at the opening bell. REUTERS