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
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%
Stocks to watch: DBS, KIT, Clint, Elite Commercial Reit
Europe: Shares ease after Federal Reserve decision, mixed earnings
US: Tech shares lead stocks higher