U.S. stocks open higher as Treasury yields retreat after investors seek safe havens amid Middle East conflict

U.S. stock indexes opened higher on Tuesday as Treasury yields fell on its first trading session following Columbus Day, after geopolitical uncertainty around the Israel-Hamas conflict rattled investors. The yield on the benchmark 10-year Treasury
TMUBMUSD10Y,
4.644%
lost about 11 basis points at 4.697%, while the 2-year Treasury yield
TMUBMUSD02Y,
4.957%
was off 8 basis points at 4.991%, as investors closely watched events in the Middle East to gauge the risk to the financial markets. The decline in yields gave stock indexes a lift on Tuesday morning. The Dow Jones Industrial Average
DJIA,
+0.72%
was rising 99 points, or 0.3%, to 33,699, while the S&P 500
SPX,
+0.98%
was gaining 0.2% and the Nasdaq Composite
COMP,
+1.16%
was up 0.1%.