Wall Street opens slightly higher on more debt hopes
May 17, 2023 Economics 0 Comments
The New York Stock Exchange opened higher on Wednesday, on renewed hopes that an agreement could be reached on the American debt ceiling between the White House and the Republican opposition.
The Dow Jones index was up 0.40%, the tech-heavy Nasdaq was up 0.39% and the broader S&P 500 index gained 0.47%, minutes after opening.
The day before, the Dow Jones had lost 1.01% to 33,012.14 points, the Nasdaq index had crumbled by 0.18% to 12,343.05 points and the S&P 500 had fallen by 0.64% to 4,109, 90 dots.