Wall Street Opens Higher on Tesla Boost, Fed Meet in Focus

Wall Street Opens Higher on Tesla Boost, Fed Meet in Focus
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on May 30, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street indexes opened higher on Friday as Tesla shares jumped on a tie-up with General Motors, though investors largely remained on the sidelines ahead of inflation data and U.S. monetary policy decision next week.

The Dow Jones Industrial Average rose 18.83 points, or 0.06 percent, at the open to 33,852.44. The S&P 500 opened higher by 10.95 points, or 0.26 percent, at 4,304.88, while the Nasdaq Composite gained 73.87 points, or 0.56 percent, to 13,312.40 at the opening bell.