Wall Street opens slightly higher


The stock exchanges in New York started trading with profit on Friday. Investor sentiment was supported by encouraging developments in the continuing trade feud between China and the US. According to reports, US President Donald Trump would be more prepared to tackle the Chinese tech concern Huawei as part of a possible trade deal with Beijing.

The Dow-Jones index was 0.6 percent higher in the opening minutes at 25,654 points. The broader composite S&P 500 rose 0.6 percent to 2840 points. Nasdaq technology level meter won 0.8 percent to 7688 points.

The possibly milder attitude of Trump provided some relief among investors. The past sessions put tensions on the financial markets under considerable pressure, partly due to the announced sanctions against Huawei. The losses on the stock exchanges on Thursday also stemmed from the more stubborn sound that a trade deal between Beijing and Washington seems more and more distant instead of closer.

A few companies also came up with results. Foot Locker fell after figures were published. The seller of sporting goods came with disappointing results. Among other things, comparable store sales were disappointing. In terms of profit, the company also failed to meet the expectations of experts. The company lost nearly 16 percent.

Computer and printer maker HP Inc, which in recent months has made less profit on a virtually flat turnover, won 3 percent. HP Inc emerged from the split of computer and technology concern Hewlett-Packard in 2015. HP Enterprises focuses on software and systems for companies. That company increased its profit forecast for the entire year and thickness 4 percent.

By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com

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