World News | US Stocks Start Higher, Regaining Footing After Slump Friday

Washington, Nov 29 (AP) Stocks are opening with broad gains on Wall Street Monday as markets regain their footing following a big stumble on Friday on worries about the spread of the new variant of the coronavirus.

Signs of fear in the market also ebbed as traders regained their appetite for riskier assets.

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The S&P 500 rose 1.1%, and the tech-heavy Nasdaq clawed back 1.3%. Both fell more than 2% on Friday. Crude oil prices jumped 6.7% and bond yields climbed back.

European markets were also higher, while Asian markets closed mostly lower. The yield on the 10-year Treasury note rose to 1.56%. (AP) RS

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(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)