Wall Street opens higher, led by tech on trade optimism

2019-01-07 16:03:49 GMT (Economies.com)
Wall Street opens higher, led by tech on trade optimism

US stock indices opened the first session of the week higher with the tech sector leading the charge, following earlier services data from the US and as investors look with hope towards US-China trade talks being held currently in Beijing. 

 

Earlier US data showed the ISM services PMI receded to 57.6 in December from 60.7 in November, missing estimates of 59.6. 

 

Otherwise, US trade secretary Wilbur Ross noted how the US and China could reach a good settlement when it comes to direct trade, but the structure of trade issues and their execution may prove a more difficult process, noting how China is awakening to its economic dependence on US trade. 

 

Stock Performance 

 

As of 03:40 GMT, Standard and Poor's 500 rose 0.40%, or 10.22 points to 2,542.16, while Dow Jones inched up 0.15%, or 35.87 points to 23,469.03.  

 

Tech-heavy Nasdaq powered up 0.74%, or 49.84 points to 6,788.60. 

 

 

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0074
0.6570%
1.2705
0.0122
0.9692%
15.453
0.585
3.932%
57.386
4.876
9.286%
64.44
2.57
4.15%
1389.155
47.875
3.569%
 
 
US
 
Europe
 
Asia