Wall Street Opens Higher on Soft Landing Hopes, Tesla Boost

Wall Street Opens Higher on Soft Landing Hopes, Tesla Boost
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 25, 2023. Andrew Kelly/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla’s bullish outlook added to the cheer.

The Dow Jones Industrial Average rose 27.82 points, or 0.08 percent, at the open to 33,771.66. The S&P 500 opened higher by 19.86 points, or 0.49 percent, at 4,036.08, while the Nasdaq Composite gained 145.05 points, or 1.28 percent, to 11,458.41 at the opening bell.