Wall Street opens higher on hopes of debt ceiling deal
FILE PHOTO: A screen displays the closing numbers for the Dow Jones Industrial Average on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2023. REUTERS/Brendan McDermid
(Reuters) - Wall Street's main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.
The Dow Jones Industrial Average rose 47.04 points, or 0.14%, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15%, at 4,204.15, while the Nasdaq Composite gained 20.63 points, or 0.16%, to 12,709.46 at the opening bell.
(Reporting by Shristi Achar A in Bengaluru; Editing by Maju Samuel)
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