Stocks opened higher Friday but Wall Street was still on track for weekly losses, as U.S. Treasury yields recovered from multiyear low and investors track U.S.-China trade negotiations.
The Dow Jones Industrial Average gained 210 points, or 0.8%, at 25,789, and the S&P 500 index climbed 0.9% at 2,873, while the Nasdaq Composite Index advanced 0.8% to 7,845.
Investing has been dominated by concerns about the health of the global economy, with an inversion of the yield curve, where short-term rates rise above their longer-term counterparts, heightening those concerns. The so-called yield-curve inversion, as the condition is referred, has coincided with economic recessions.
Worries about progress in trade talks between the U.S. and China also has been a key focus for investors, with little progress achieved. For the week, the Dow was on track to lose 2%, the S&P 500 index was set to decline by 1.6%, while the Nasdaq has given up 1.4% thus far this week.
Source : MarketWatch