Wall Street opens higher ahead of Fed meeting

Monday, 17. June 2019 15:31

Markets in the United States started the week with slight gains on Monday as investors look ahead to the Federal Reserve's two-day monetary policy meeting due to start tomorrow. Although policy changes are unlikely, investors will be looking for indications of a rate cut in July or later this year.

In trade, Commerce Secretary Wilbur Ross said that President Donald Trump is ready to tariff more Chinese products if the two countries do not reach a deal, which is unlikely to happen next week, he added.

The Dow Jones Industrial Average index added 0.10% at the start. Microsoft, Cisco and Apple led the gains, adding 0.77%, 0.60% and 0.57%, respectively.

The Nasdaq 100 was up by 0.16% at the opening bell, pulled by Symantec's rise of 3.36%.

The S&P 500 increased 0.33%.

The euro jumped 0.27% against the dollar, buying $1.12402 at 9:32 am ET.

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Breaking the News / NI