Wall Street opens higher after jobs data; debt default averted
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Reading Time: < 1minuteTraders 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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