Wall Street opens higher amid US-North Korea tensions

Markets 5/16/2018, 3:31 PM
Wall Street opens higher amid US-North Korea tensions

United States markets opened in the green on Wednesday, amid new tensions between US and North Korea as Pyongyang threatened to call off the summit between Kim Jong-un and US President Donald Trump. However, White House Press Secretary Sarah Sanders told Fox News earlier that she is "still hopeful" about the meeting between two leaders. Meanwhile, Iranian President Hassan Rouhani said that his country will not bow down to provocations and threats coming from the US.

The Dow Jones Industrial Average was 0.06% higher at the start of the session. Walmart Inc. rose 0.52%, while Home Depot jumped 0.48%. The Nasdaq 100 opened 0.10% in the green, with Micron Technology, Inc. and Western Digital Corp. increasing 3.48% and 2.86%, respectively. The S&P 500 was up 0.06% moments after the opening bell, with department store chain Macy's leading the gains, soaring 7.92% following strong sales growth reported in latest earnings release.

The euro lost 0.33% against the greenback, to sell for 1.1798 at 3:52 pm CET.

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