4/11/2019, 3:30 PM (Source: TeleTrader)
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Wall Street starts slightly higher with focus on trade

Markets in the United States opened in the green on Thursday on hopes the United States and China are close to reaching a trade agreement. US Treasury Secretary Steven Mnuchin has told CNBC that the two sides "pretty much agreed" on setting up enforcement offices to monitor the implementation of the pledges made in trade talks. Investors also digested economic data released before the bell, including initial jobless claims and producer prices figures, and kept an eye on the latest Brexit developments after the EU allowed the UK to postpone its exit from the bloc until October if needed.

The Dow Jones gained 0.15% at 9:30 am ET. Financials led the gains as Goldman Sachs and JP Morgan climbed 1.11% and 0.69%, respectively, at 9:31 am ET.

The Nasdaq 100 was up 0.12% at 9:30 am ET. The Fastenal Company was the best performer as its shares surged 4.49% at 9:31 am ET. Meanwhile, Microsoft jumped hit an all-time high of $120.85 in early trading.

The S&P 500 rose 0.14% at 9:30 am ET.

The euro dipped 0.10% against the dollar to sell for 1.1263 at 9:32 am ET.

Breaking the News / NP