Wall Street opens higher as yields pull back

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(Reuters) – Wall Street’s main indexes opened higher on Friday 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.

FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

© Thomson Reuters
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

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

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

(Reporting by Shristi Achar A in Bengaluru; Editing by Arun Koyyur)

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