(Reuters) – The New York Stock Exchange opened higher on Monday, led by gains in technology stocks that were battered on Friday by a sharp rise in bond yields.
In early trading, the Dow Jones index gained 43.52 points, or 0.13%, to 33,912.79 points and the broader Standard & Poor’s 500 rose 0.18% to 4,097.62 points.
The Nasdaq Composite takes 0.34%, or 39.67 points, to 11,757.79 points.
The rise in “tech” stocks has made it possible to relegate the caution required before the publication this week of inflation figures in the United States in a context of uncertainties on the monetary policy of the Federal Reserve (Fed).
Economists polled by Reuters are on average expecting an acceleration in US consumer price inflation in January, which is likely to confirm the Fed’s rhetoric on continued monetary policy tightening.
These interest rate fears weighed in particular on technology and growth stocks last week, and therefore on the Nasdaq, which on Friday recorded its first weekly decline of the year.
Values Monday, Meta, the parent company of Facebook, rose 2.1% after information from the Financial Times that the group is preparing new job cuts.
Microsoft is up 1.9% amid a rally in tech stocks.
Aircraft maker Boeing is up 0.2% after Air India sealed a landmark order from the US plane maker and Airbus for around 500 aircraft worth more than $100 billion at list price, industry sources said.
(Written by Diana Mandiá, edited by Blandine Hénault)
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