Wall Street opens higher after consumer spending data
The Dow Jones industrial average rose 0.05%
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A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.
US stocks opened slightly higher on Monday as data showed consumer spending in June recorded its smallest gain in four months, bolstering expectations the U.S. Federal Reserve may hold back on a rate increase.
The Dow Jones industrial average rose 9.15 points, or 0.05 percent, to 17,699.01, the S&P 500 gained 1.39 points, or 0.07 percent, to 2,105.23 and the Nasdaq composite added 9.11 points, or 0.18 percent, to 5,137.39.
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First Published: Aug 03 2015 | 7:08 PM IST