US stocks open higher on good German data

GMT 15:39 2014 Monday ,24 November

Arab Today, arab today US stocks open higher on good German data

US stocks
New York - AFP

US stocks opened higher Monday, adding to Friday's records after data showed a rise in German business confidence.
Five minutes into trade, the Dow Jones Industrial Average stood at 17,852.96, up 42.90 points (0.24 percent).
The broad-based S&P 500 gained 6.54 (0.32 percent) to 2,070.04, while the tech-rich Nasdaq Composite Index rose 17.39 (0.37 percent) to 4,730.36.
Both the Dow and S&P 500 closed at record highs Friday.
Germany's Ifo business climate index rose to 104.7 points in November from 103.2 in October, the first increase in seven months and a heartening sign for Europe's biggest economy.
There were no major US economic reports Monday, but the next two days will include third-quarter economic growth and several other reports before the markets close for the Thanksgiving holiday Thursday.


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