S&P 500, Nasdaq open higher as stocks look to build on gains

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All three of the major indexes (^DJI,^GSPC, ^IXIC) moved to the upside shortly after the market open. The averages are looking to build on the gains from last week, after the Federal Reserve cut its benchmark rate by 50 basis points.

Morning Brief anchor Brad Smith and Yahoo Finance Markets and Data Editor Jared Blikre recap the action at the market open.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.

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