Market Opens Higher Amid Tariff Speculations

As investors awaited US President Donald Trump's announcement on reciprocal tariffs, Wall Street's major indexes saw an uptick at Thursday's opening. The anticipation of these tariffs, coupled with the ongoing fourth-quarter earnings season, has kept the market on its toes.

Index Performance

The Dow Jones Industrial Average opened higher by 0.33%, or 144 points, with Cisco Systems Inc. leading the charge with a 6.17% increase. Similarly, the Nasdaq 100 and the S&P 500 also saw gains, buoyed by significant movements from Applovin Corporation and MGM Resorts International, respectively.

Currency Movements

In currency news, the euro remained stable against the dollar at 9:29 am ET, trading at 1.03850. This stability comes amidst the broader market movements and anticipations of economic policies.