© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly/File Photo
(Reuters) – Wall Street’s main indexes opened higher on Friday as signs of slowing economic growth and falling commodity prices eased expectations over how high the Federal Reserve will raise interest rates to rein in inflation.
The Dow Jones Industrial Average rose 169.58 points, or 0.55%, at the open to 30,846.94. The S&P 500 opened higher by 26.02 points, or 0.69%, at 3,821.75, while the Nasdaq Composite gained 119.12 points, or 1.06%, to 11,351.31 at the opening bell.