DJIA up 0.11% (Il Sole 24 Ore Radiocor) - New York, 29 Apr - US shares opened higher at the start of a busy week featuring key earnings, data and a Federal Reserve meeting.

Wall Street is coming off one of its best week's in a while with both the Nasdaq and S&P 500 racking up their best weekly performances since November as AI prospects continue to lift sentiment.

With uncertainty over interest rates rising, investors are counting down to the Fed's monetary meeting this week when policy makers are widely expected to keep interest rates on hold to sap stubborn inflation. But investors will be watching Fed chief Jerome Powell's press conference for clues on where rates could be going in coming months.

The CME Group's FedWatch Tool is currently pricing in the likelihood of a first rate cut no earlier than September.

On the data front, the main attraction is the payroll report at the end of the week which will give insight into how the resilient US labour market is faring with high rates.

Strong labor market readings have stoked worries that Fed officials will have little leeway for cutting rates short term.

The earnings season meanwhile continues at full throttle with Amazon, McDonald's, Coca-Cola and Apple all on the docket during the week.

On the stocks front, shares in Tesla rose 10% in early trade after news that China had given a thumbs up to the EV group's self-driving service following a visit to the country by founder Elon Musk. Domino's Pizza jumped 5% after it reported earnings that beat expectations.

Just after the opening bell the Dow Jones was up 42.50 points, or 0.11%, at 38,282.16, the S&P 500 was up 42.50 points, or 0.28%, at 5,114.13 while the Nasdaq was up 76.75 points, or 0.48%, at 16,004.65.

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(RADIOCOR) 29-04-24 15:39:23 (0442) 5 NNNN