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