Wall Street Opens Higher on Tentative Debt Ceiling Deal; Nvidia Jumps

Wall Street Opens Higher on Tentative Debt Ceiling Deal; Nvidia Jumps
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on May 22, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Tuesday as lawmakers tentatively agreed to raise the nation’s debt limit to avert a default, while shares of Nvidia led a rally among chipmakers and AI-related firms.

The Dow Jones Industrial Average rose 10.31 points, or 0.03 percent, at the open to 33,103.65. The S&P 500 opened higher by 21.26 points, or 0.51 percent, at 4,226.71, while the Nasdaq Composite gained 133.41 points, or 1.03 percent, to 13,109.10 at the opening bell.