Wall Street opens higher amid data, Powell's remarks

Thursday, 23. June 2022 15:33

Major US stock markets opened higher on Thursday amid the release of new data on unemployment and ahead of the second testimony of the United States Federal Reserve Chair Jerome Powell. Equally important today will be the reactions to President Joe Biden's call to suspend the federal gas tax for 90 days.

Moments ahead of the opening bell, the United States Department of Labour posted the last report on jobless claims. According to the institution, the number of seasonally adjusted initial jobless claims in the United States dropped by 2,000 to 229,000 in the week ending June 18.

The Dow Jones gained 0.34% at 9:30 am ET, with Walgreens Boots soaring 1.85%. The Nasdaq 100 added 0.84%, and Pinduoduo was leading the gains, improving by 4.32% at 9:31 am ET. The S&P 500 rose 0.60% as Occidental was up by 3.77% at 9:32 am ET. The euro was down by 0.40% against the dollar at 9:28 am ET, selling for $1.05234.

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Author:
Baha Breaking News (BBN) / JG