Wall Street Opens Higher After Jobs Data; Debt Default Averted

June 2, 2023Updated: June 2, 2023

U.S. stock indexes opened higher on Friday 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 percent, at the open to 33,187.58. The S&P 500 opened higher by 19.99 points, or 0.47 percent, at 4,241.01, while the Nasdaq Composite gained 89.50 points, or 0.68 percent, to 13,190.48 at the opening bell.

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