Wall Street opens mostly higher

Economies.com
2018-05-22 15:17PM UTC

US stock indices opened the first session of the week mixed after a spate of data from the world's largest economy, which showed gains in the Richmond Manufacturing Index, while the earnings season for major American banks and corporations draws to an end. 

 

US and China are in the latest stages of trade negotiations to remove hefty sanctions on giant Chinese telecommunication company ZTE.

 

China on the other hand cut car tariffs and signaled readiness to remove tariffs on US agricultural products, soothing concerns in the market about the US-China trade dispute.  

 

As of 02:44 GMT, Standard and Poor's 500 rose 0.11%, or 3.09 points to 2,736.10, while Dow Jones fell 0.15%, or 37.97 points to 24,975.32. 

 

Tech-heavy NASDAQ rose 0.10%, or 7.08 points to 7,401.11. 

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