Wall Street opens higher with energy, tech leading charge

US stock indices opened the second session of the week higher, with energy and tech shares leading the charge higher, while markets price in the latest round of reciprocal tariffs between US and China as less damaging than previously feared. 

An index tracking US housing sector steadied at 66 for the day, hours before data on housing starts and building permits. 

The White House announced new 10% tariffs on $200 billion worth of Chinese imports, to be increased to 25%, after the US already imposed 25% tariffs on $50 billion worth of Chinese imports, with China retaliating with tariffs on $60 billion worth of US products. 

President Donald Trump threatened to impose new tariffs on $267 billion worth of Chinese imports if Beijing retaliated to the latest ones. 

US trade secretary Wilbur Ross said China "is out of bullets" to retaliate against US tariffs, noting that the measures are intended to change Chinese behavior, with close studying to guarantee limited increases to inflation. 

Stock Performance 

As of 02:24 GMT, Standard and Poor's 500 rose 0.43%, or 12.76 points to 2,901.63, while Dow Jones gained 0.32%, or 84.32 points to 26,146.44. 

Tech-heavy NASDAQ rallied 0.85%, or 66.53 points to 7,961.80.