US: Wall St opens higher on hopes of debt deal breakthrough

WALL Street’s main indexes opened higher on Friday (May 26), buoyed by progress in negotiations over raising the US debt ceiling, though data pointing to slightly hotter-than-expected inflation capped gains.

The Dow Jones Industrial Average rose 30.85 points, or 0.09 per cent, at the open to 32,795.50.

The S&P 500 opened higher by 4.88 points, or 0.12 per cent, at 4,156.16, while the Nasdaq Composite gained 38.32 points, or 0.30 per cent, to 12,736.42 at the opening bell. REUTERS