7/7/2022, 3:31 PM (Source: TeleTrader)
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Wall Street soars at open with data in focus

Major stock indexes in the United States soared at the opening session on Thursday, following the release of the report that revealed the country's international deficit decreased by 1.3% in May. Meanwhile, jobs data showed a higher figure as US-based companies announced layoffs across the country.

Across the pond, Boris Johnson resigned as Prime Minister of the United Kingdom and leader of the Conservative Party, after dozens of government officials stepped down in protest of Johnson's leadership.

The Dow Jones Industrial Average surged by 0.69% or over 220 points at the opening bell. Caterpillar Inc. was the index's best performer, soaring by 5.26%. The Nasdaq 100 was up by 0.61%, with Qualcomm soaring by 4.67%. The S&P 500 opened the session higher, rising by 0.68% with Freeport-McMoRan Inc skyrocketing by 7.47%.

The euro lost 0.9% against the dollar, going for $1.01753 at 9:25 am ET.

Baha Breaking News (BBN) / AB