Wall Street opens modestly higher led by technology shares

  • Upbeat comments on US-China trade talks help technology shares gain traction.
  • Crude oil gains traction after falling for two days to boost energy shares.
  • Tech-heavy Nasdaq Composite outperforms S&P 500 and DJIA. 

Wall Street's main indexes started the day modestly higher on Thursday as the US and Chinese deputy trade negotiators meet again for the first time in nearly two months. As of writing, the Dow Jones Industrial Average was up 0.18% on the day while the S&P 500 and the Nasdaq Composite were adding 0.23% and 0.55%, respectively.

Earlier today, White House economic adviser Larry Kudlow said that the mood in talks between US and China was now softer and Vice President Mike Pence said that the "atmospherics" was improving. The risk-sensitive Technology and the Communication Services indexes started the day higher and both were adding more than 0.5% at the time of press.

Meanwhile, following a deep two-day correction, crude oil prices started to rise again on Thursday and the supported the Energy Index, which was last up 0.35%.

On the other hand, among the 11-major S&P 500 sectors, Industrials and Utilities are posting modest losses in the early trade.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD at daily lows, dragged by Sterling

Turmoil around Brexit and the absence of any other relevant catalyst weighs on the common currency, EUR/USD battling with 1.1120.


GBP/USD loses 1.2900 as Parliament says “NO”

The UK Parliament has rejected PM Johnson’s time table, lifting odds of an upcoming election in the kingdom. Volatile trading ahead of more clarity as the drama continues.


USD/JPY holds steady above mid-108.00s

The USD/JPY pair failed to capitalize on the early uptick to multi-day tops and is currently placed at the lower end of its daily trading range, just above mid-108.00s.


Gold erases daily gains, eyes $1480

Gold failed to hold to gains and pulled back, approaching again the $1480 area. Earlier today the ounce rose to $1488 and as of writing trades at $1483, flat for the day but now with a bearish intraday bias.

Gold News

Top 3 price prediction BTC, ETH, XRP: CFTC takes a surprisingly bold step to move cryptos forward

The CFTC is open to Ethereum futures without anyone picking-up the ball. XRP is currently the only bullish option currently in the Top Three. Current volatility levels have last been seen in May.

Read more