off-the-wire

Wall Street builds on strong weekly showing as trade, inflation jitters ease

Kitco Media
By Reuters
Published:
Updated:
Reuters
Wall Street builds on strong weekly showing as trade, inflation jitters ease teaser image

May 16 (Reuters) - Wall Street's main indexes opened higher on Friday, building on this week's gains fueled by a U.S.-China tariff truce and tamer inflation data, while a vote on President Donald Trump's sweeping tax legislation was also in focus.

The Dow Jones Industrial Average (.DJI), rose 33.4 points, or 0.08%, at the open to 42,356.2. The S&P 500 (.SPX),  rose 12.2 points, or 0.21%, at the open to 5,929.09​, while the Nasdaq Composite (.IXIC),  rose 39.2 points, or 0.21%, to 19,151.541 at the opening bell.

Reporting by Shashwat Chauhan in Bengaluru; Editing by Krishna Chandra Eluri

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.