US markets open higher after Syria operation

Markets 4/16/2018, 3:30 PM
US markets open higher after Syria operation

Wall Street started the trading session higher on Monday, first trading day after the United States, France and the United Kingdom conducted a brief military operation against Syrian government forces and positions, as a retaliation against the alleged use of chemical weapons in the city of Douma. The US President Donald Trump described the military action as "perfectly carried out" and hailed its outcome as "mission accomplished." However, the US, the UK and France noted they are not planning further attacks at the moment, but are ready to strike again if the Syrian government uses chemical weapons in the future. Washington is planning to introduce a new set of sanctions against Russia later in the day. Meanwhile, Bank of America reported its quarterly earnings, while Netflix is set to release the report after markets close. On the data front, US Census Bureau reported a retail sales increase of 0.6% in March.

The Dow Jones Industrial Index started 0.81% in the green. Merck & Company led the gains with a 2.12% increase.

The Nasdaq 100 was up 0.61%. J.B. Hunt Transport Services surged 4.34%.

The S&P 500 increased 0.59% at the opening bell.

Crude prices declined close to 1%, as Brent for June delivery dropped 0.87% to go for $71.99 per barrel, while West Texas Intermediate (WTI) for deliveries in May slid 0.98% to sell for $66.80 per barrel at 3:33 pm CET.

The euro gained 0.48% against the dollar, to sell for $1.2390 at 3:34 pm CET.

Breaking the News / NI

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