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US stocks on positive note at open

US stocks on positive note at open
Photo Credit: Arabianeye - Reuters

Mubasher: US stocks opened Friday in the green zone amid a rise of dollar as investors await Federal Reserve chief Janet Yellen speech on the fate of interest rates at a June policy meeting and beyond.

By 2:10 GMT, Dow Jones opened 0.11% higher.

The NASDAQ composite index was 0.13% up.

Standard & Poor's increased by 0.16%.

The US Federal reserve is likely to hike interest rates in the coming two months.

“There are good reasons to think that underlying growth is stronger than these recent readings suggest," said Federal Reserve Governor Jerome Powell, adding "If incoming data support these expectations, I would see it as appropriate to continue to gradually raise the federal funds rate."