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U.S. stocks edge higher at open


Thursday, 9 August 2018 20:48 WIB

DOW JONESS & P 500NasdaqSahamAS


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The S&P 500 traded near record levels early Thursday after U.S. stock-market indexes edged slightly higher at the open with investors choosing to focus on mostly positive earnings and a healthy economy rather than ongoing trade spat with China.

Weekly data on jobless claims, which fell to 213,000 underlined the continued strength of the labor market. Meanwhile a measure of wholesale inflation was unchanged.

The S&P 500 rose 1 point to 2,858, about 14 points below its record close set on Jan. 26. The Dow Jones Industrial Average advanced 17 points, or 0.1%, to 25,604. The Nasdaq Composite Index added 7 points, or 0.1%, to 7,894. Among the biggest gainers on the S&P 500, shares of Norwegian Cruise Line Holdings Ltd. rallied more than 4% after the company's earnings and revenue beat expectations, while the company raised its outlook.

Source : Marketwatch


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