US Stock Market Opens Higher, Dollar Index Climbing

US stocks opened higher on Friday to kick off the last trading day of the week on a higher note, while US dollar index has continued to climb.

The Dow Jones rose 121 points, or 0.3%, to 34,587 at 9.43 a.m. EDT (1343GMT). Walt Disney shares gained 1.1%. The S&P 500 added 6 points to 4,245, but electric carmaker Tesla fell 0.6%.

The Nasdaq increased by 16 points, or 0.1%, to 14,036 with GameStop and AMC Entertainment adding 3.5% and 1.5%, respectively.

The US dollar index has continued to increase by adding 0.3% to 90.36.

Despite recovering Thursday from its lowest level in three months, the yield on the 10-year US Treasury note was down 0.4% to 1,454% shortly after opening bell.

Bitcoin was down 1.1% to $37,428 at the time, while some altcoins were down as much as 17%. -