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Wall Street opens higher as mega-cap stocks rise

The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021.
REUTERS/Brendan McDermid

Wall Street’s main indexes opened higher on Friday, powered by a rally in mega-cap stocks after a downbeat jobs report eased valuation concerns.

The Dow Jones Industrial Average rose 29.74 points, or 0.09%, at the open to 34,578.27. The S&P 500 opened higher by 8.72 points, or 0.21%, at 4,210.34, while the Nasdaq Composite gained 90.25 points, or 0.66%, to 13,723.09 at the opening bell.

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