The Economic Times

US stocks: US market opens up after tech-led slump as yields ease; earnings watched

Major Wall Street indexes opened higher on Wednesday, recovering from a prior session's slump. Government bond yields retreated from multi-decade highs, aiding the market's recovery. Investors assessed a slew of corporate updates following the previous trading day. The Dow Jones Industrial Average rose 120 points at the open. The S&P 500 and Nasdaq Composite also saw gains in early trading.