Wall Street opens higher as companies suspend Iran activities

Tuesday, 07. August 2018 15:31

Markets in the United States started the Tuesday trading session in the green as US President Donald Trump insisted his country would not be "doing business" with any nation cooperating with Iran. Consequently, companies such as Daimler and Siemens stressed they are to comply with the sanctions that the US reintroduced against Tehran.

The Dow Jones opened 0.21% higher, with Walt Disney leading the gains ahead of its earnings report scheduled to be issued after the closing bell. The Nasdaq 100 started the session 0.34% in the green, marking the sixth consecutive day of gains as the pharmaceutical industry stocks jumped. BioMarin Pharmaceutical Inc. was 5.51% higher, while Mylan rose 2.84%. S&P 500 was up 0.21% moments after the opening bell. The Mosaic Company rose 3.89% following the release of earnings results, while Broadridge increased 6.14%, despite lower revenue reported in its fourth fiscal quarter.

The euro gained 0.38% against the greenback to sell for 1.1598 at 3:52 pm CET.

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Breaking the News / BM