US: Wall Street builds on strong weekly showing as trade, inflation jitters ease

[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 16), building on this week’s gains fuelled by a US-China tariff truce and tamer inflation data, while a vote on President Donald Trump’s sweeping tax legislation was also in focus.

The Dow Jones Industrial Average rose 33.4 points, or 0.08 per cent, at the open to 42,356.2.

The S&P 500 rose 12.2 points, or 0.21 per cent, at the open to 5,929.09​, while the Nasdaq Composite rose 39.2 points, or 0.21 per cent, to 19,151.541 at the opening bell. REUTERS