US: Stocks open higher as oil rout stays in focus
[NEW YORK] Wall Street stocks opened modestly higher on Monday as the market sought to regain positive momentum despite another drop in oil prices.
Five minutes into trade, the Dow Jones Industrial Average was at 17,302.66, up 37.45 points (0.22 per cent).
The broad-based S&P 500 rose 5.53 (0.27 per cent) to 2,017.90, while the tech-rich Nasdaq Composite Index added 10.62 (0.22 per cent) at 4,944.08.
US oil prices fell 38 cents to US$35.24 a barrel early Monday, continuing a downward spiral. The S&P 500 and Nasdaq each shed about 1.4 per cent on Friday as falling oil prices continued to rattle investors.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data