Wall Street starts higher on data, Dow up 100 pts

Wednesday, 19. February 2020 15:30

United States stock markets began the Wednesday's trading session higher as investors analyzed today's batch of economic data. According to the country's Bureau of Labor, the Producer Price Index rose half a percentage point in January on an annual basis. Meanwhile, the Census Bureau reported housing starts fell 3.6% on a monthly and grew 21.4% on a yearly basis.

In business news, General Electric Co. was reportedly in talks to manufacture a variant of its Boeing Co. 787 Dreamliner's engine for Airbus SE's A330neo airliner.

The Dow Jones Industrial Average advanced 0.28% at the opening bell, as JP Morgan Chase & Co. grew 0.95%. The Nasdaq 100 and the S&P 500 increased 0.56% and 0.30%, with Analog Devices Inc. being the best performer on both indexes. This was also another all-time high for the tech-heavy Nasdaq.

The euro traded flat against the dollar at 9:29 am ET, changing hands for $1.07926. The pound dropped 0.35% at the same time to sell for $1.29558.

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Breaking the News / MD