Stocks open higher after positive US, China statements

Tuesday, 01. October 2019 15:30

Stocks on Wall Street started the Tuesday trading session in the green after several encouraging statements relating to the United States-China trade war. However, the World Trade Organization cut its trade growth forecast for 2019 and 2020, citing rising trade tensions. International Labour Organization's Director-General warned implementing tariffs between Washington and Brussels could cause a "snowball effect."

The Dow Jones Industrial Average was up 0.18% at the opening bell, as Apple Inc. gained 1.43%. The Nasdaq 100 rose 0.43%. Ulta Beauty Inc. was the best performer, growing 3.46%. The S&P 500 increased 0.23% with Analog Devices Inc. jumping 3.38%.

The euro was flat against the dollar at 9:29 am ET, changing hands for $1.08952. At the same time, the pound dipped 0.55% against the greenback to 1.22245.

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Author:
Breaking the News / MD