New York, Mar 23 (AP) Stocks are opening higher as some stability returns to Wall Street following a couple days and weeks of sharp swings. The S and P 500 was up 0.9 per cent early on Thursday.

The Dow and the Nasdaq also rose. Treasury yields were mixed. A day earlier, stocks tumbled after the Federal Reserve indicated that while the end may be near for its economy-crunching interest rate hikes, it doesn't expect to cut rates this year.

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Many investors still think the Fed will, however. The high rates, which are meant to fight inflation, also put pressure on banks and risk tipping the economy into a recession. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)