Wall Street opens mostly higher

Economies.com
2018-01-19 15:56PM UTC

US stock indices opened the fourth session of the week mixed after closing on Monday for the Martin Luther King holiday, with Amazon and Nike leading the charge higher, as the fourth-quarter earnings season carries on for major American banks and corporations. 

 

The University of Michigan released its Consumer Sentiment survey for January, showing a dip to 94.4 from December's 95.9, missing expectations of 97.0. 

 

The economic conditions gauge in the same survey fell as well to 109.2 from 113.8 in December, while economic expectations rose to 84.8 from 84.3. One-year inflation outlook rose to 2.8% from 2.7%, while five-year outlook rose to 2.5% from 2.4%. 

 

Federal Reserve Bank of Atlanta President Raphael Bostic and Federal Reserve Governor Randal Quarles will speak later today, while investors assess the chances of a US government shutdown as Republicans struggle to pass a funding bill.   

 

As of 03:44 GMT, Standard and Poor's 500 rose 0.25%, or 7.05 points to 2,805.08, while Dow Jones shed 0.03%, or 7.19 points to 26,010.62. 

 

Tech-heavy NASDAQ rose 0.29%, or 21.21 points to 7,317.25. 

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