U.S. stocks open higher, eye weekly and monthly gains

U.S. stocks opened higher Friday after closely watched measure of employment costs decelerated in the second quarter, sparking hopes that the Federal Reserve night delay a rate hike. Investors also digested a number of earnings reports, from companies such as ExxonMobil Corp and Chevron Corp. The main indexes are on track to record weekly and monthly gains. The S&P 500 opened 3 points, or 0.2%, higher at 2,112. The Dow Jones Industrial Average added 18 points, or 0.1%, to 17,764. The Nasdaq Composite began the session up 15 points, or 0.3%, at 5,143.25.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply