US: Wall Street opens higher as yields pull back

WALL Street’s main indexes opened higher on Friday (Mar 3) as Treasury yields took a breather from a week-long rally sparked by worries that the Federal Reserve would keep interest rates higher for longer.

The Dow Jones Industrial Average rose 72.76 points, or 0.22 per cent, at the open to 33,076.33.

The S&P 500 opened higher by 16.67 points, or 0.42 per cent, at 3,998.02, while the Nasdaq Composite gained 61.67 points, or 0.54 per cent, to 11,524.65 at the opening bell. REUTERS