Wall Street's main indexes opened higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX's spectrum acquisition raised competitive concerns across the sector.
The Dow Jones Industrial Average rose 67.32 points, or 0.13%, at the open to 51,298.96. The S&P 500 rose 22.35 points, or 0.29%, to 7,787.71, while the Nasdaq Composite rose 149.59 points, or 0.55%, to 27,342.93.
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US stocks: US market rises as oil retreats; SpaceX spectrum deal hammers telecoms
Wall Street opened on a positive note this Friday as oil prices dipped, easing worries over Middle Eastern supply issues. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each experienced a rise at the open. Nonetheless, the telecom industry faced headwinds following SpaceX's spectrum purchase, sparking competitive anxiety among its players, showcasing the market's mixed responses…
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