Wall Street opens higher, led by tech and industrial shares

Economies.com
2018-04-23 14:41PM UTC

US stock indices opened the first session of the week higher, with the tech and industrial sectors leading the charge on Wall Street amid a strong first-quarter earnings season. 

 

Earlier US data showed the preliminary services PMI rose to 54.4 from 54 in March, beating forecasts of 54.3, while manufacturing PMI rose to 56.5 from 55.6 in March, beating expectations of 55.2. 

 

Existing home sales rose 1.1% in March to an annualized 5.60 million units, compared to a 3% rise in February to 5.54 million, beating expectations of a 0.2% rise to 5.55 million units.

 

As of 02:26 GMT, Standard and Poor's 500 rose 5.81 points to 2,675.84, while Dow Jones added 0.09%, or 22.19 points to 24,485.13. 

 

Tech-heavy NASDAQ climbed 0.25%, or 18.20 points to 7,164.38. 

American Markets News

Americas News

Markets

US stock indices power up after payrolls report
2024-05-03 14:09PM UTC
US stock indices gained ground on Friday following the release of somewhat weak payrolls data for ...
Americas News

Markets

Wall Street climbs as markets assess Fed statement
2024-05-02 15:54PM UTC
US Stock indices rose on Thursday following important data, while investors assess the Federal ...
Americas News

Markets

As the Fed prepares to issue decisions, traders expect largest S&P 500 movement since 2023
2024-05-01 09:28AM UTC
According to data gathered by Citibank, the S&P 500 is likely to move by nearly 1% today after ...