U.S. stocks open slightly higher ahead of key Yellen speech

U.S. stocks opened slightly higher Monday as investors braced for a speech by Federal Reserve Chair Janet Yellen, which could shed light on monetary policy in the wake of Friday’s dismal jobs report. The disappointing employment data was viewed as likely to prevent the Fed from delivering a rate increase this month. Meanwhile, strong gains in crude-oil futures also boosted risk appetite. The S&P 500 gained less than a point to 2,099. The Dow Jones Industrial Average added 24 points, or 0.1%, to 17,831 at the open. Meanwhile, the Nasdaq Composite began the session up 5 points, or 0.1%, at 4,948.

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From:: Stock Market News

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