Wall Street Opens Higher on Hopes of Debt Ceiling Deal

A screen displays the closing numbers for the Dow Jones Industrial Average on the floor of the New York Stock Exchange (NYSE) in New York City on May 16, 2023. Brendan McDermid/Reuters

Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.

The Dow Jones Industrial Average rose 47.04 points, or 0.14 percent, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15 percent, at 4,204.15, while the Nasdaq Composite gained 20.63 points, or 0.16 percent, to 12,709.46 at the opening bell.