US stocks open higher before Yellen's Senate appearance

Tuesday, 19. January 2021 15:31

Shares in the major United States stock markets started the trading session with gains on Tuesday ahead of the Senate confirmation hearing for President-elect Joe Biden's pick Treasury secretary Janet Yellen. In company news, Lumentum announced it will acquire Coherent for $5.7 billion, while Goldman Sachs, Halliburton and Bank of America released their quarterly earnings reports.

The Dow Jones gained over 250 points at the open, up 0.86%. American Express Co. led the gains with 2.90%. The S&P 500 added 0.84% at 9:31 am ET, with IPG Photonics Corp. jumping 6.91%, while the Nasdaq 100 was up by 0.81% at the same time, as Pinduoduo increased by 5.63%.

The euro traded 0.49% higher compared to the dollar and sold for 1.21359 at 9:33 am ET.

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