Wall Street Opens Higher as Yields Pull Back

A Wall Street sign outside the New York Stock Exchange in New York City, N.Y., on Oct. 2, 2020. (Carlo Allegri/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.

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

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