6/1/2022, 3:31 PM (Source: TeleTrader)
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US opens higher as Dow gains over 200 points

Stock indexes in the United States opened higher on Wednesday as the Federal Reserve's plan to reduce the balance sheet starts taking effect. Meanwhile, data reports on manufacturing, jobs and construction spending will be coming up after the opening bell.

The Dow Jones improved by 0.72% or 241 points at 9:30 am ET as Salesforce Inc. soared 11.56%. The Nasdaq 100 gained 0.87%, led by Datadog, which jumped 8.29%. The S&P 500 added 0.68%, with Salesforce topping the chart.

The euro traded 0.09% lower against the dollar, selling for 1.07251 at 9:32 am ET.

Baha Breaking News (BBN) / DJ