US markets open with gains on trade hopes

Friday, 15. March 2019 14:31

Wall Street opened with gains on Friday after data from the United States Federal Reserve showed an increase in US industrial production of 0.1% in February. Meanwhile, investors continued to pay attention to trade talks between the US and China. State Secretary Mike Pompeo announced that a meeting between Presidents Donald Trump and Xi Jinping, where the new trade deal would be signed, will not take place before mid-April.

The Dow Jones Industrial Average index was up by 0.17% at the start, with Intel rising 1.75%, outperforming others. The Nasdaq added 0.14%, as Broadcom soared 9.77% after reporting earnings results. The S&P increased by 0.11% at the opening bell.

The euro advanced 0.12% against the dollar at 9:33 am ET, going for $1.13176.

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Breaking the News / NI