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Tuesday, May 30, 2023

Wall St opens higher as bank fears fade, focus on inflation data

Wall St opens higher as bank fears fade, focus on inflation data
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. REUTERS/Brendan McDermid

 

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(Reuters) – Wall Street’s main indexes opened higher on Thursday as fears of a banking crisis eased, while investor focus turned to key consumer spending data for cues on the Federal Reserve’s policy path.

The Dow Jones Industrial Average rose 89.83 points, or 0.27%, at the open to 32,807.43. The S&P 500 opened higher by 18.93 points, or 0.47%, at 4,046.74, while the Nasdaq Composite gained 84.21 points, or 0.71%, to 12,010.45 at the opening bell.

Source: Investing.com

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