US stocks open higher after Yellen’s remarks

US stock indices opened higher on Friday, after Treasury Secretary Janet Yellen's comments over President Joe Biden's stimulus plan.

Yellen said during her interview with CNBC yesterday that the US economy could return to growth and full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus relief package is passed Congress.

Yellen also said earlier this month that if Congress failed to pass the stimulus plan the reopening of the economy would be delayed to the end of 2021, which weighs down on the job market, production and economic activity.

As for stocks, Dow Jones rose 0.3% or 95 points to 31,590 as of 15:18 GMT, Nasdaq rose 0.4% or 57 points to 13,922, and S&P 500 rose 0.2% or 8 points to 3,922.