US: Wall St opens higher with broad-based gains

WALL Street’s main indexes opened higher on Friday as signs of slowing economic growth and falling commodity prices eased expectations over how high the Federal Reserve will raise interest rates to rein in inflation.

The Dow Jones Industrial Average rose 169.58 points, or 0.55 per cent, at the open to 30,846.94.

The S&P 500 opened higher by 26.02 points, or 0.69 per cent, at 3,821.75, while the Nasdaq Composite gained 119.12 points, or 1.06 per cent, to 11,351.31 at the opening bell. REUTERS