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5/3, 3:31 PM (Source: TeleTrader)
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Wall Street opens higher ahead of manufacturing data

United States major stock markets kicked off the first week of May with gains as investors anticipate the release of manufacturing data and the US Purchasing Manager's Index (PMI). Markets are also gearing up for another busy week of the earnings season with giants and blue-chip companies revealing their financial results.

Over the weekend the legendary investor Warren Buffet shared his opinion that investing in index funds is safer, as best performing companies always change. Meanwhile, Ford was among the worst performers after announcing the closure of plants due to chip shortages. Twitter also plummeted by over 15%, which former President Donald Trump explained by the social network's decision to ban a number of profiles, including his own.

The Dow Jones opened with 0.56% above the flatline as Dow Inc added 1.33%, while the S&P 500 gained 0.54% with Mohawk increasing by 4.61%. The Nasdaq 100 was 0.44% in the green at the opening bell, led by Moderna growing by 4.68%. The euro was 0.26% up against the dollar trading for $1.20511 at 9:29 am ET.

Breaking the News / LH