Wall Street rises with software boost

The Wall Street indices opened higher, supported by gains in software stocks, despite U.S. Treasury yields rising to their highest levels in over twenty years amid concerns over inflation and increasing government debt. The Dow Jones Industrial Average rose by 0.18%, the S&P 500 by 0.25%, and the Nasdaq by 0.46%. Investors are preparing to announce third-quarter results, which are expected to lead to a 35% increase in corporate profits—marking the highest growth rate since 2021—contributing to the S&P 500's 12% rise during the year.

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