7/22/2019, 3:34 PM (Source: TeleTrader)
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US stocks start session in green ahead of earnings season

Wall Street started trading with gains on Monday amid heightened tensions in the Persian Gulf and the upcoming decision of the Federal Reserve concerning potential interest rate cut. United States President Donald Trump once more publicly criticized the Fed for previously raising interest rates and conducting quantitative tightening "far too much & too fast." In the meantime, earnings season will be in full swing during this week, with a number of tech companies due to present their financial results in the next couple of days. Today, American oil giant Halliburton Co. said both the EPS and total revenue decreased in the second quarter of 2019, while Equifax Inc. reportedly reached a settlement with federal regulators on data breach from two years ago.

The Dow gained 0.10% shortly after the opening bell, as the Apple Inc. rose by 1.52% at 9:45 am ET. The Nasdaq advanced 0.42% concurrently, pushed upwards by Applied Materials, Inc.'s 3.65% gains at 9:40 am ET. The S&P 500 added 0.19% at 9:31 am ET, influenced by DaVita Inc. jump of around 5.44% minutes after the session start.

The euro was trading flat against the dollar at 9:32 am ET to go for 1.1221. Meanwhile, the pound lost 0.16% lower compared to the greenback, changing hands for 1.2484 at the same time.

Breaking the News / MA