Wall Street opens higher after US trade deficit figures

Wednesday, 04. September 2019 15:30

Major stock indices in the United States opened in the positive territory on Wednesday following the release of the latest US trade deficit figures. Market participants are likely to react to $1.5 billion shrinking of the trade balance in July, which exceeded analysts’ expectations who predicted a lower figure.

Meanwhile, the world’s most popular video-sharing platform YouTube was ordered to pay a whopping $170 million over allegations that it illegally collected data from children without consent from their parents. Its parent company Google will also be obliged to change its privacy policy.

The Dow Jones Industrial Average jumped 0.70% at the start of the session with Nike advancing 1.46%. The Nasdaq 100 gained 0.98% at the open as Wynn Resorts and Western Digital soared 3.91% and 4.18%, respectively. Furthermore, the S&P 500 rose 0.63% at the beginning of the trading session, as PVH lead the gains, spiking 8.03%.

The euro added 0.38% against the US dollar, changing hands for 1.10158 at 9:30 am ET.

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Breaking the News / GG