US stocks start higher, headed for record-breaking week

Friday, 12. July 2019 15:33

United States stock markets opened in the green on Friday despite mixed signals concerning the ongoing trade dispute between Washington and Beijing. Earlier, US President Donald Trump said that he doesn't want to hurt China with tariffs, while also claiming that Chinese leadership was "letting [the US] down," as it hasn't started buying its agricultural products, as was previously agreed. In the meantime, China's Foreign Minister Wang Yi said that companies from the US that are connected to the sales of arms to Taiwan would be sanctioned. Major indices are set to close this week on a record-breaking note, as Dow Jones hit a new record high, reaching 27,000 points.

The Dow Jones Industrial Average was up 0.30% at the opening bell, advancing along with major tech stocks, such as Intel, Cisco, and Apple. The Nasdaq 100 rose 0.09%, pushed higher by Fox Corp. and J.B. Hunt Transport Services, Inc. gains of 2.21%. The S&P 500 gained 0.13% at the same time, jumping over the 3,000 points mark and reaching all-time intraday high, as the Lam Research Corp. jumped 2.08%.

The euro traded 0.08% lower against the greenback, changing hands for 1.1244 at 9:32 am ET. At the same time, the British pound increased 0.20% compared to the dollar, to go for 1.2545.

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Breaking the News / MA