The Business Times

US: Wall St opens higher after jobs data; debt default averted

Published Fri, Jun 2, 2023 · 09:44 PM
    • The S&P 500 opened higher by 19.99 points, or 0.47 per cent, at 4,241.01, while the Nasdaq Composite gained 89.50 points, or 0.68 per cent, to 13,190.48 at the opening bell.
    • The S&P 500 opened higher by 19.99 points, or 0.47 per cent, at 4,241.01, while the Nasdaq Composite gained 89.50 points, or 0.68 per cent, to 13,190.48 at the opening bell. PHOTO: REUTERS

    US STOCK indexes opened higher on Friday (Jun 2) after data showed a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates this month, while investors cheered the country averting a debt default.

    The Dow Jones Industrial Average rose 126.01 points, or 0.38 per cent, at the open to 33,187.58.

    The S&P 500 opened higher by 19.99 points, or 0.47 per cent, at 4,241.01, while the Nasdaq Composite gained 89.50 points, or 0.68 per cent, to 13,190.48 at the opening bell. REUTERS

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