Business
| Jun 2, 2023

Wall Street opens higher after jobs data; debt default averted

/ Our Today

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. (Photo: REUTERS/Brendan McDermid/File)

US stock indexes opened higher on Friday (June 2) after data showed a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates this month, while investors cheered the country averting a debt default.

The Dow Jones Industrial Average rose 126.01 points, or 0.38 per cent, at the open to 33,187.58.

The S&P 500 opened higher by 19.99 points, or 0.47 per cent, at 4,241.01, while the Nasdaq Composite gained 89.50 points, or 0.68 per cent, to 13,190.48 at the opening bell.

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debt default crisis Dow Jones Industrial Average Nasdaq Composite New York Stock Exchange S&P 500 stock rally US debt ceiling US Federal Reserve Wall Street

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