NEW YORK: Wall Street stocks rose early Thursday, bouncing after two losing sessions, as investor anxiety over higher interest rates ebbed somewhat.
About 20 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent to 24,910.79.
The broad-based S&P 500 gained 0.4 percent to 2,712.07, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 7,248.18.
Analysts are girding for a continuation of the recent volatility amid expectations the Federal Reserve will boost interest rates three or four times in 2018.
Higher interest rates could crimp growth and prod investors to steer funds away from equities towards bonds. Investors have ping-ponged between feeling encouraged at the pickup in economic growth and worried about inflation.
Stocks initially rose after the Fed released minutes of last month's policy meeting Wednesday, but tumbled into negative territory by the end of the session as the yield on the 10-year US Treasury jumped. But 10-year US Treasury yields declined early Thursday.
Dow members rising more than one percent early in the session included Caterpillar, General Electric and United Technologies.
Avis Budget Group surged 12.4 percent after reporting a 7.5 percent increase in fourth-quarter revenues to $2.0 billion. Net income was $220 million, boosted by one-time gain connected to US tax reform.
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