US stocks open higher after Senate passes stimulus package

US stock indices opened higher on Monday, after the Senate officially approved the Covid-19 relief package.

The US House of Representatives will pass the bill later this week, after the US Senate officially approved the $1.9 trillion Covid-19 relief package.

This comes within President Joe Biden's efforts to support the US economy and to finally contain the Covid-19 pandemic, as well as efforts to control the outbreak.

Wall Street remains under pressure as the 10-year US Treasury bond yield continued to rise above 1.6%, which weighs down on stocks.

As of 15:02 GMT, Dow Jones rose 0.6% or 185 points to 31,682, and S&P 500 rose 0.1% or 5 points to 3,846, while Nasdaq rose fell 0.3% or 45 points to 12,870.