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Wall Street opens higher as mega-cap stocks rise

The front facade of the NYSE is seen in New York
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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