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7/12, 3:33 PM (Source: TeleTrader.com)
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US stocks start higher with focus on NATO summit

Markets in the United States opened in the green on Thursday as traders focused on the NATO summit in Brussels. US President Donald Trump denied reports he threatened to pull the country out of NATO and insisted Washington remains fully committed to the alliance. During his press conference on the sidelines of the NATO summit, Trump also stated the US and China are engaged in a "nasty trade battle." On the data front, investors digested inflation and jobless claims figures.

The Dow Jones climbed 0.79% at 3:30 pm CET with Walgreens jumping 2.20% at 3:48 pm CET.

The Nasdaq 100 added 0.46% and the S&P 500 rose 0.51% at 3:31 pm CET. CA Technologies led the gains on both indexes as its shares rocketed 17.91% after the company was acquired by Broadcom for $18 billion.

The euro traded flat against the dollar to sell for 1.1676 at 3:40 pm CET.

Breaking the News / NP