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The Epoch Times
The Epoch Times
29 Jun 2023


NextImg:Wall Street Rises as Banks Gain, Economic Data Eases Recession Fears

Wall Street opened higher on Thursday, as bank stocks rose after major lenders cleared the Federal Reserve’s annual stress test, while economic data pointed to a resilient U.S. economy in the face of aggressive interest rate hikes.

The Dow Jones Industrial Average rose 1.91 points, or 0.01 percent, at the open to 33,854.57. The S&P 500 opened 1.92 points higher, or 0.04 percent, at 4,374.94, while the Nasdaq Composite gained 0.61 points, or 0.01 percent, to 13,592.36 at the opening bell.