US kicks off higher with earnings, data in focus

Tuesday, 05. May 2020 15:30

Equities on the United States stock markets traded higher at the opening bell with the Dow Jones gaining more than 200 index points as earnings season heats up.

The Delaware-based company DuPont's earnings per share stood at $0.84 in the first quarter of the fiscal year, while Regeneron Pharmaceuticals said it recorded a surge of 33% in revenue for the same period.

On the data front, the latest report from the US Census Bureau showed that the country's trade deficit widened by $4.6 billion in March compared to the month prior.

The Dow jumped 0.99% to open the session in the green with Exxon Mobil jumping over 4%, while the S&P 500 added 0.99% at the same time as IPG Photonics Corp surged over 15%. The Nasdaq 100 went up by 0.93% with Skyworks Solutions adding nearly 6%.

The euro slid 0.40% against the dollar, selling for 1.08637 at 9:29 am ET.

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Breaking the News / GA