Yahoo Finance Stocks - Wall Street Moves Cautiously Higher at Open
Investing.com - Wall Street was higher on Thursday with investors remaining cautious about any trade deal possibilities between the U.S. and China.
The S&P 500 rose 10 points, or 0.4%, as of 9:30 AM ET (14:30 GMT), while the Dow increased 111 points, or 0.45% and the tech-heavy Nasdaq Composite jumped 36 points, or 0.5%.
The U.S. and China struck a trade truce earlier this month and have been in talks ever since, increasing hopes that the trade war between the two will soon be over.
Stocks have been rocky over the last few weeks over skepticism that little progress will be made on trade, which increased after the arrest in Canada of a top executive from Huawei on an extradition request from the U.S.
"Market is going to be choppy surrounding the resolution of the trade talks until we see some clarity," said Andre Bakhos, managing director at New Vines Capital in Bernardsville, N.J.
"The market is approaching a seasonally positive time of the year, but right now we have uncertainty about trade and looks like that's going to drive volatility."
General Electric (NYSE:GE) jumped up 10% after JPMorgan (NYSE:JPM) upgraded its stock to neutral. Tesla (NASDAQ:TSLA) gained 1%, while Facebook (NASDAQ:FB) inched up 0.2% and Amazon.com (NASDAQ:AMZN) gained 1.6%.
Tencent Music Entertainment Group (NYSE:TME) rose 1.8%, just one day after its initial public offering.
Elsewhere, Twitter (NYSE:TWTR) fell 0.4%, while AT&T (NYSE:T) dipped 0.1% and Coca-Cola (NYSE:KO) was down 0.4%.
In commodities, gold futures fell 0.2% to $1,247.75 a troy ounce and crude oil decreased 1% to $50.66 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 97.20.
-- Reuters contributed to this report.
Related Articles
Victoria's Secret owner L Brands to sell La Senza lingerie brand
Deutsche Bank merger with Commerzbank not expected anytime soon - union
