Wall Street opens higher, Dow jumps 100 pts

Monday, 25. November 2019 15:30

United States equities started Monday's trading session in green amid optimistic news regarding the trade war between Washington and Beijing. Chinese Foreign Ministry's spokesperson expressed hope the two countries will work together on "equality and mutual respect-based trade deal." Hours later, however, Beijing also accused the US stifles other countries' economies and foreign enterprises without a valid reason.

In business news, LVMH Moet Hennessy - Louis Vuitton SE confirmed its $16.2 billion acquisition of American jeweler Tiffany & Co. The Charles Schwab Corp. announced it was buying The TD Ameritrade Holding Corp. for approximately $26 billion.

The Dow Jones Industrial Average was up 0.15% at the open, only to jump above 100 points at 9:44 am ET. Intel Corp. grew 1.65%. The Nasdaq 100 rose 0.45%, with eBay Inc. climbed the most on the news it was selling its online ticket exchange service StubHub. The S&P 500 increased 0.24%, as Applied Materials Inc. advanced 2.20%.

The euro fell 0.14% at 9:29 am ET, to change hands for $1.10070. The pound gained 0.25% to $1.28692 at the same time.

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Breaking the News / MD