US stocks open higher as megacaps gain, higher yields weigh
The Dow Jones Industrial Average rose 12.38 points, or 0.03%, at the open to 38,916.42.
Wall Street's main indexes opened higher on Monday as most megacap stocks gained, although gains were kept in check after Treasury yields rose on rising bets that the U.S. Federal Reserve could delay rate cuts this year.The Industrial Average rose 12.38 points, or 0.03%, at the open to 38,916.42.
The S&P 500 opened higher by 7.03 points, or 0.14%, at 5,211.37, while the Composite gained 36.66 points, or 0.23%, to 16,285.18 at the opening bell.
More to come....
Source: Stocks-Markets-Economic Times
