Wall Street's main indexes open higher, investors buy into cheaper sectors

Wall Street's main indexes opened higher on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral COVID-19 drug.

The Dow Jones Industrial Average rose 86.78 points, or 0.26 per cent, at the open to 33,930.70.

The S&P 500 opened higher by 9.62 points, or 0.22 per cent, at 4,317.16, while the Nasdaq Composite gained 46.35 points, or 0.32 per cent, to 14,494.93 at the opening bell.

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