US: Wall St opens higher on hopes of likely debt-ceiling deal

WALL Street’s main indexes edged higher at the open on Monday (May 15) on optimism over a likely deal to raise the US debt limit as a deadline edged closer, while investors looked ahead to comments from Federal Reserve policymakers through the week.

The Dow Jones Industrial Average rose 20.59 points, or 0.06 per cent, at the open to 33,321.21.

The S&P 500 opened higher by 2.57 points, or 0.06 per cent, at 4,126.65, while the Nasdaq Composite gained 16.42 points, or 0.13 per cent, to 12,301.17 at the opening bell. REUTERS