wall street stocks rose early friday as optimism over a potential deal to lift the us debt ceiling offset data showing an uptick in inflation headlines about the contours of a potential agreement between the white house and congressional republicans offered relief after fitch on wednesday night placed the united states on a ratings watch negative due to the impasse but analysts also noted that lawmakers appeared unhappy with the potential agreement a deal between president biden and house speaker kevin mccarthy must pass both houses of congress about 20 minutes into trading the dow jones industrial average was up 06 percent at 3296841 the broadbased sp 500 advanced 06 percent to 417470 while the techrich nasdaq composite index jumped 08 percent to 1280074 the personal consumption expenditures index a benchmark closely watched by the federal reserve rose 44 percent yearonyear in april up from 42 percent a month earlier the first rise in the annual figure since january the report dampened hopes the fed could skip an interest rate hike in june with signs of accelerating inflation strengthening consumption and a strong labor market the decision to pause could be pushed to july said fhn financials chris low among individual companies ford rose 29 percent after it reached an agreement that will grant the detroit auto giants electric vehicle owners access to teslas superchargers tesla climbed 19 percent