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US: Wall St opens higher as rate hike worries ebb

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Published Fri, Jun 16, 2023 · 09:39 PM
    • The S&P 500 opened higher by 15.11 points, or 0.34 per cent, at 4,440.95, while the Nasdaq Composite advanced 76.25 points, or 0.55 per cent, to 13,859.07 at the opening bell.
    • The S&P 500 opened higher by 15.11 points, or 0.34 per cent, at 4,440.95, while the Nasdaq Composite advanced 76.25 points, or 0.55 per cent, to 13,859.07 at the opening bell. PHOTO: REUTERS

    WALL Street’s main indexes opened higher on Friday (Jun 16) as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon.

    The Dow Jones Industrial Average rose 55.96 points, or 0.16 per cent, at the open to 34,464.02.

    The S&P 500 opened higher by 15.11 points, or 0.34 per cent, at 4,440.95, while the Nasdaq Composite advanced 76.25 points, or 0.55 per cent, to 13,859.07 at the opening bell. REUTERS

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