US opens higher despite China tensions, COVID-19 worries

Monday, 10. August 2020 15:31

Major stock market indexes in the United States traded higher at the session's start on Monday after the US President Donald Trump signed the executive orders to extend the COVID-19 relief packages, as the White House and the Congress Democrats failed to reach an agreement on the stimulus bill.

Meanwhile, the tensions mounted between Washington and Beijing as China moved to impose sanctions on the US Senators Marco Rubio and Ted Cruz, responding that way to White House's decision to sanction the leaders of Hong Kong. Adding to the worries among the traders, the number of coronavirus cases in the world surpassed 20 million earlier in the day.

The Dow Jones Industrial Average rose 0.44% or 113 points at the opening bell with Apple surging 2.10% at 9:32 am ET. The Nasdaq 100 gained 0.10% at the open, as Ulta Beauty jumped 2.35% at 9:35 am ET. As the session started, the S&P 500 advanced by 0.21%, with MGM Resorts soaring 23.65% at 9:33 am ET. At the same time, the euro was 0.11% down versus the dollar, changing hands at $1.17720.

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Breaking the News / BU