TELETRADER News
12/28/2016, 3:48 PM (Source: TeleTrader)
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Wall Street starts higher, helped by strong dollar, oil

Stock markets in the United States opened slightly up on Wednesday, underpinned by a rising dollar, alongside oil futures holding near the highest level in more than six months. The greenback was testing the strongest point against a basket of major currencies in 14 years and added 0.39% versus yesterday's closing value, reaching 103.44 at 3:46 p.m. CET. The euro shed 0.54% to $1.03987 and the pound weakened 0.38% to $1.2224.

In the first minutes after the opening bell, the Dow Jones index increased 0.14% to trade just 25 points below the 20,000 mark. Apple strengthened the most, 0.6%, followed by the Travelers Cos., climbing 0.58%.

The Nasdaq 100 started 0.25% in the green at 4,977.657, closing in on its own milestone of a record 5,000 points. NetEase and KLA-Tencor rose 1.82% and 1.15%, respectively, leading the gainers. The S&P 500 ticked just 0.07% to positive territory, to 2,270.43 points.

Baha Breaking the News (BBN) / IT