The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Fri, May 12, 2023 · 09:45 PM
    • The Dow Jones Industrial Average rose 61.07 points, or 0.18 per cent, at the open to 33,370.58.
    • The Dow Jones Industrial Average rose 61.07 points, or 0.18 per cent, at the open to 33,370.58. PHOTO: REUTERS

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    S&P 500NasdaqDow Jones

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    US Secretary of State Marco Rubio (far left) and Treasury Secretary Scott Bessent listening as President Donald Trump (centre) speaks to the media on the sidelines of a Nato summit in Ankara, July 8, 2026.

    A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process

    President Trump’s U-turn illustrated the bind he was in, as hostilities with Iran resume and Teheran refuses to loosen its grip on the crucial waterway.

    Trump shelves 20% fee for Hormuz cargo after Gulf pressure

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More