Wall Street opens higher after Biden-Xi call

A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 20, 2021. (REUTERS / file photo)

Wall Street’s main indexes opened higher on Friday as signs of an easing in tensions between the United States and China added to recent data that soothed fears of a slowdown in the economic recovery.

The Dow Jones Industrial Average rose 70.21 points, or 0.20%, at the open to 34,949.59. The S&P 500 opened higher by 13.64 points, or 0.30%, at 4,506.92, while the Nasdaq Composite gained 84.66 points, or 0.56%, to 15,332.92 at the opening bell.

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