Wall Street opens higher led by energy, healthcare stocks
Wall Street is opening slightly higher Wednesday, led by energy and healthcare stocks. The S&P 500 is recovering some of the ground lost in Tuesday’s late sell-off. The 10-year Treasury yield is rising, as are precious metals and crude oil. Indexes fell in Japan, Australia and South Korea, but rose in China. Analysts say investors are prone to cash in on recent gains in stock markets, given the current murky outlook. The recent surge in new coronavirus cases, particularly in the U.S., has clouded hopes for a relatively quick economic turnaround as global growth relies on a healthy U.S. economy.
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