Business Standard

Wall Street opens higher on hopes of trade concessions

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Reuters

(Reuters) - Wall Street opened higher on Thursday, as signs that Washington may ease back on plans for tariffs on European cars drove gains for automakers, offsetting further signs of tension with China.

The Dow Jones Industrial Average rose 111.00 points, or 0.46 percent, at the open to 24,285.82. The S&P 500 opened higher by 10.97 points, or 0.40 percent, at 2,724.19. The Nasdaq Composite gained 47.98 points, or 0.64 percent, to 7,550.66 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 05 2018 | 7:17 PM IST

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