US markets opened higher on Friday as investors tracked tensions in the Middle East between Iran and Israel, and the possibility of direct US involvement. Crude oil prices slipped over 2.5% after comments from the White House on potential US action.
Just before the opening bell, Fed Governor Christopher Waller said interest rates could be cut as early as July, boosting market sentiment. His comments came just days after the Fed decided to keep rates steady for the fourth consecutive time.
At 9:00 am ET, all major indexes opened with gains, and shortly after the bell, the Dow Jones rose 0.55% or 233 points, with The Travelers Companies Inc. advancing 2.58%. The Nasdaq 100 climbed 0.82% as Marvell Technology Inc. gained 2.31%, while the S&P 500 was up 0.58%, with CarMax Group surging 8.83%. The euro gained 0.19% against the dollar at 8:58 a.m. ET, selling for $1.15170.
