US markets start higher despite trade tensions

Thursday, 13. June 2019 15:34

United States stock markets started the Thursday trading session higher amid the ongoing trade tensions between the governments in Washington and Beijing. Earlier today, the Chinese Ministry of Commerce said it will not cave in trade talks, warning it was ready to "fight to the end." Price of US treasuries continued to rise despite the sharp increase in geopolitical uncertainty after two oil tankers were attacked in the Sea of Oman. Data on the initial jobless claims and import prices were also released before the start of the session.

The Dow Jones gained 0.35% shortly after the opening bell, influenced by Johnson & Johnson's continuous 15-day growth. The Nasdaq 100 jumped 0.40% at 9:31 am ET, pushed up by lululemon athletica's gains of 4.38%. Meanwhile, the S&P 500 was up 0.33% in the first minutes of trading, with Alexion Pharmaceuticals, Inc. as the best performer. The euro was 0.07% lower against the dollar to sell for 1.1279 at 9:30 am ET.

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Breaking the News / MA