Business

Wall Street opens higher on bargain hunting, Merck boost

1 minute read

Oct 1 (Reuters) - Wall Street's main indexes opened higher on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral COVID-19 drug.

The Dow Jones Industrial Average (.DJI) rose 86.78 points, or 0.26%, at the open to 33,930.70.

The S&P 500 (.SPX) opened higher by 9.62 points, or 0.22%, at 4,317.16, while the Nasdaq Composite (.IXIC) gained 46.35 points, or 0.32%, to 14,494.93 at the opening bell.

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Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.

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