Wall Street opens higher on strong data

Markets 6/14/2018, 3:33 PM
Wall Street opens higher on strong data

Markets in the United States opened in the green on Thursday as European Central Bank President Mario Draghi held a press briefing explaining policymakers' latest decision to keep key interest rates unchanged probably until the summer of 2019. In data, retail sales in the US increased 0.8% in May to $502 billion, the US Census Bureau said before markets opened, while initial jobless claims for the week ending June 9 decreased by 4,000 to 218,000 compared to the previous week's unrevised level, the US Department of Labor reported.

The Dow Jones Industrial Average rose 0.40% in the first minutes of trading led by gains in Caterpillar, Verizon Communications, and American Express Company. Meanwhile, the S&P 500 gained 0.32% several minutes into trading boosted by Royal Caribbean Cruises surging over 4% as the best performer. The Nasdaq 100 advanced 0.70% upon the opening bell with Comcast Corporation as the top performer after the company announced its $65 billion bid for 21st Century Fox earlier. The euro dropped 1.05% against the dollar at 3:49 pm CET, buying 1.16609.

Breaking the News / JC

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