11/19/2019, 3:30 PM (Source: TeleTrader)
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Wall Street opens higher with trade in focus

Wall Street opened higher on Tuesday while investors are still waiting for eventual progress in the US-China trade deal since the United States Commerce Department on Monday said it will extend a license for Huawei Technologies Co. Ltd. by 3 more months.

Stocks of department stores Kohl and Home Depot were down after posting disappointing earnings results. However, Kazakhstan's national airline Air Astana announced on Tuesday that it signed a letter of intent to purchase 30 of Boeing Co.'s 737 MAX airplanes and that launched Boeing stock higher more than 1%.

The Dow increased 0.15% to maintain the growth started on Monday and the biggest gain had the Walt Disney Company that went up 0.37%. In the meantime, the Nasdaq 100 grew 0.34 % and the best performing stock was the one of Broadcom Inc. that rose 4.14%. The S&P 500 jumped 0.18% at the same time with Discovery Inc. that grew by 0.78%.

The euro was flat against the dollar and traded for 1.10764 at 9:31 am ET.

Breaking the News / TF