March 16 (Reuters) – Wall Street’s main indexes opened higher on Monday with shares of Meta among the top gainers after a report said the megacap was prepping for sweeping AI-related layoffs, even as elevated crude prices due to the raging Middle East conflict kept risk-taking in check. The Dow Jones Industrial Average rose 148.9 […]
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Wall St opens higher as tech stocks gain; Investors weigh Middle East conflict
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March 16 (Reuters) – Wall Street’s main indexes opened higher on Monday with shares of Meta among the top gainers after a report said the megacap was prepping for sweeping AI-related layoffs, even as elevated crude prices due to the raging Middle East conflict kept risk-taking in check.
The Dow Jones Industrial Average rose 148.9 points, or 0.32%, at the open to 46,707.4. The S&P 500 rose 42.2 points, or 0.64%, to 6,674.37, while the Nasdaq Composite rose 235.0 points, or 1.06%, to 22,340.388.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)