WASHINGTON: US stocks opened mostly higher on Tuesday as a rally in chip stocks halted and investors took stock of what a Donald Trump presidency could mean for the financial markets.
Around 10 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent at 42,907.10, while the broad-based S&P 500 Index rose 0.2 percent to 5,987.27.
The tech-heavy Nasdaq Composite Index was mostly flat at 19,871.38.
“We have a situation now where investors are looking for the next bullish catalyst to come out,” Adam Sarhan from 50 Park Investments told AFP.
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“The market’s holding its breath” and waiting to see what Trump’s policies will actually be, he added.
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Among individual firms, chip titan Nvidia’s share price oscillated in early trading.
And the electric vehicle firm Tesla saw its share price fall in early trading on a downgrade from Bank of America, before shaking off its losses to return to growth.
Source: Brecorder
