Wall Street opens higher, adding to weekly gains for stocks

The Associated Press

Stocks are opening higher on Wall Street Friday, setting the market up to end the week on a strong note after a sluggish start. The S&P 500 index was up 0.5%, adding to its gains from a rally a day earlier when it had its biggest increase since March. Small-company stocks did better than the rest of the market. Investors were encouraged to see a surprise jump in retail sales last month despite rising prices and supply chain disruptions. Treasury yields rose following the report. The 10-year yield rose to 1.57% and the 2-year yield rose to 0.38%.