US: S&P, Dow open slightly higher as banks get Fed boost

The S&P 500 and the Dow Jones Industrial Average opened slightly higher on Thursday as bank stocks gained after the Federal Reserve cleared them in the second part of its annual stress test while a drag in tech stocks weighed on the Nasdaq.

The Dow Jones Industrial Average rose 16.51 points, or 0.08 per cent, to 21,471.12. The S&P 500 gained 1.17 points, or 0.04 per cent, to 2,441.86. The Nasdaq Composite dropped 20.70 points, or 0.33 per cent, to 6,213.71.

REUTERS