Finace And Stock

Wall Street opens higher as debt ceiling, inflation worries cool

Wall Street’s main indexes opened higher on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation.

The Dow Jones Industrial Average rose 92.73 points, or 0.27 per cent, at the open to 34,509.72.

The S&P 500 opened higher by 20.18 points, or 0.46 per cent, at 4,383.73, while the Nasdaq Composite gained 129.89 points, or 0.90 per cent, to 14,631.80 at the opening bell.


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