Wall Street Opens Higher as Investors Eye Economic Data and Policy Shifts
WALL Street’s main indexes opened higher on Friday (Jan 3), as investors kept a close eye on upcoming economic data and geared up for potential policy shifts under the incoming Trump administration.
Stock Market Gains
The Dow Jones Industrial Average rose 103.5 points, or 0.24 per cent, at the open to 42,495.76.
S&P 500 and Nasdaq Composite Gain
The S&P 500 rose 22.5 points, or 0.38 per cent, at the open to 5,891.07, while the Nasdaq Composite rose 114.7 points, or 0.59 per cent, to 19,395.51 at the opening bell.
Investor Sentiment
Investors are keeping a close eye on upcoming economic data, including the release of the December jobs report and the January PMI, which is expected to provide insight into the state of the economy.
Policy Shifts Under Trump Administration
Investors are also gearing up for potential policy shifts under the incoming Trump administration, including changes to monetary and fiscal policies, which could impact the stock market.
Conclusion
The stock market opened higher on Friday as investors looked to upcoming economic data and potential policy shifts under the incoming Trump administration. The Dow, S&P 500, and Nasdaq Composite all rose at the open, with the Dow gaining 0.24 per cent, the S&P 500 gaining 0.38 per cent, and the Nasdaq Composite gaining 0.59 per cent.
FAQs
Q: What is the current state of the stock market?
A: The stock market opened higher on Friday, with the Dow, S&P 500, and Nasdaq Composite all rising at the open.
Q: What is the expected impact of the Trump administration on the stock market?
A: Investors are gearing up for potential policy shifts under the incoming Trump administration, including changes to monetary and fiscal policies, which could impact the stock market.
Q: What economic data is being released in the coming days?
A: The December jobs report and January PMI are expected to be released, providing insight into the state of the economy.
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