US: Wall St opens higher on gains in Tesla, hopes of rate-hike pause

WALL Street’s main stock indexes opened higher on Friday (May 12) as Tesla shares rose, and regional banks held steady after a selloff, while hopes of a pause in interest rate hikes bolstered investor sentiment.

The Dow Jones Industrial Average rose 61.07 points, or 0.18 per cent, at the open to 33,370.58.

The S&P 500 opened higher by 7.92 points, or 0.19 per cent, at 4,138.54, while the Nasdaq Composite gained 22.02 points, or 0.18 per cent, to 12,350.52 at the opening bell. REUTERS