Around the Globe
USA | Jun 2, 2023

Wall Street opens higher after jobs data; debt default averted

/ Our Today

Reading Time: < 1 minute
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.


What To Read Next