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US: Wall St opens higher as rate hike worries ease

37832605.1 (37888920) - 27_03_2016 - US-MARKETS-OPEN-TRADING-WEEK-SLIGHTLY-DOWN.jpg

[NEW YORK] US stocks opened higher on Wednesday, a day after Federal Reserve Chair Janet Yellen's remarks soothed concerns over the pace of interest rate hikes this year.

The Dow Jones industrial average was up 65.2 points, or 0.37 per cent, at 17,698.31, the S&P 500 8.03 points, or 0.39 per cent, at 2,063.04 and the Nasdaq Composite index 27.77 points, or 0.57 per cent, at 4,874.39.


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