7/6/2021, 3:32 PM (Source: TeleTrader)
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US opens slightly higher following July 4 weekend

United States major equity markets opened slightly higher on Tuesday following an extended weekend for America's Independence Day. Investors are anticipating ISM non-manufacturing report scheduled to release later in the day. Air travel the previous day was higher than in 2019 for the first time since the beginning of the pandemic, however, the 7-day average remains 17% below 2018 levels.

Energy and fuel companies' shares traded higher following West Texas Intermediate (WTI) futures hitting the highest level since 2014. Amazon stocks rose slightly as Jeff Bezos officially handed the CEO reins to his successor Andy Jassy. Chinese Didi dropped as much as 25% as the government continues its crackdown on the company and restricts new user access until cybersecurity review is over.

The Dow opened with 0.02% above the flatline with Microsoft increasing 0.50%, while S&P 500 climbed up 0.06% as American Express jumped 2.07%. The Nasdaq 100 grew 0.28% led by Amazon gaining 1.30%. The euro declined 0.26% against the dollar to trade for $1.18307 at 9:29 am ET.

Baha Breaking the News (BBN) / LH