2/26/2016, 3:35 PM (Source: TeleTrader)
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Opening bell: U.S. markets start higher

Stock markets in the United States opened higher, after the Bureau of Economic Analysis (BEA) rolled out data on the GDP growth for the fourth quarter. The economy grew by 1.0% in the last three months of 2015, half the rate seen in the previous quarter. Oil prices kept rising during the European trading, and the Wall Street picked up the sentiment from the Old Continent.

The Dow Jones Industrial Average opened up 0.50% at 16,783 points.

The S&P 500 index jumped 0.32% 1,957 points.

The Nasdaq 100 index was up 0.75% at 4,273 points.

The wider Nasdaq Composite added 0.72% starting with 4,614 points.

Final consumer sentiment for February, including data on personal income and consumer spending, was expected later in the day.

The light sweet crude West Texas Intermediate climbed 3.92% to $34.46 a barrel at the ICE Europe. The international benchmark Brent rose 3.97% to $36.75 a barrel, at 3:33 p.m. CET. The Organization of the Petroleum Exporting Countries reported the daily basket price of 13 crudes at $29.19 a barrel on Thursday, up from $28.30 the previous day.

The U.S. dollar strengthened 0.50% against the Japanese yen, added 0.17% versus the U.K. sterling, but weakened 0.48% against the euro and 0.67% against the Swiss franc at 3:35 p.m. CET (9:35 a.m. EST).


Image: Beta/AP

Breaking the News / ZR