3/23/2018, 2:31 PM (Source: TeleTrader)
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Wall Street opens higher despite trade war concerns

Markets in the United States started the trading session higher on Friday, despite growing tensions over international trade, especially escalating trade disputes between the US and China. Cloud storage company Dropbox is scheduled for a debut at the Nasdaq today, the first major tech firm to go public since Snap. The company priced its initial public offering (IPO) at $21 per share, raising it from the previously announced $18 to $20 per share. Shortly before the opening bell, US President Donald Trump raised concerns by threatening to veto the $1.3 trillion spending bill, approved in both houses of Congress earlier in the week.

The Dow Jones Industrial Index started 0.38% higher. Nike gained the most, after reporting a 7% rise in revenues, jumping 4%.

The S&P 500 rose 0.31% at the opening bell, led by the gains in utilities.

The Nasdaq 100 went up 0.22% at the start. The best performer was American company Cintas, rising 5.57%.

The euro gained 0.29% against the dollar, selling for $1.2338 at 2:32 pm CET.

Breaking the News / NI