US stocks open higher as software strength offsets bond-market pressure
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Oct 1), buoyed by gains in software stocks, even as inflation and...
On Thursday morning, October 1, U.S. stock markets experienced a positive opening, with major indices climbing despite rising Treasury yields. The Dow Jones Industrial Average climbed 91.75 points, or 0.2%, to 50,997.80. The S&P 500 increased 19.39 points, or 0.3%, to 7,670.93. Meanwhile, the Nasdaq Composite surged 120.49 points, or 0.5%, to 26,984.50. This market rally was largely driven by software stocks, which helped offset the pressure from the bond market amid concerns over inflation and increasing government debt.
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