Wall Street opens up 1%, led by tech and finance

US stock indices jumped one percent at the open on the back of finance and tech shares after marking the worst weekly performance in two years, amid a lack of data today from the US, the world's largest economy. 

Wall Street lost 5% last week with wild swings and sharp corrections away from January 26 record highs, as US treasury bond yields surge, while analysts expect the Federal Reserve to hike interest rates next month. 

Congress reached a last-minute temporary budget deal on Friday after a brief hours-long government shutdown, the second one this year, before both the Senate and House of Representatives passed the deal and President Donald Trump signed it into law. 

Markets await US inflation data later this week, specifically consumer and producer prices in addition to retail sales, industrial, housing, and consumer confidence data. 

As of 02:59 GMT, Standard and Poor's 500 rose 0.80%, or 20.87 points to 2,640.42, while Dow Jones surged 1.06%, or 256.07 points to 24,446.97. 

Tech-heavy NASDAQ rallied 0.83%, or 56.77 points to 6,930.15.