US markets make a positive start as oil pushes higher
Source - SMW
Wall Street got off to an upbeat start on Monday as crude oil prices and European equities advanced and despite news that US durable goods orders fell by 1.1% in May.
Shortly after the open, the Dow was up by 0.42% at 21,485.07, the S&P 500 was up by 0.43% at 2,448.89 and the Nasdaq was 0.58% higher at 6,301.76.
RISERS AND FALLERS
Early risers on the Dow included Caterpillar, Apple and Cisco, with all stocks over 1% to the good.
Micron Technology was the notable upsider on the Nasdaq, its shares rising nearly 4%.
At 2:40pm (GMT), WTI crude was 0.4% higher at $43.18 per barrel and Brent was up 0.24% at $45.65 per barrel; however, gold was trading around a percentage point lower at $1,244 per ounce.
New orders for manufactured durable goods in May decreased $2.5bn or 1.1% to $228.2bn, the US Census Bureau said today. New orders excluding transportation - the so-called core durables - increased 0.1%.