Wall Street Opens Higher Amid Tariff Speculations

As investors brace for President Donald Trump's announcement on reciprocal tariffs, major Wall Street stock markets saw an upward trend at the opening on Thursday. The anticipation of retaliatory measures has kept the market on its toes, with the fourth-quarter earnings season also in full swing. Notable companies like Airbnb and Coinbase are set to unveil their performance reports post-market closure.

Market Indices Show Positive Movement

The Dow Jones Industrial Average experienced a notable increase, climbing 0.33% or 144 points at the open. Cisco Systems Inc. stood out with a significant 6.17% rise. Similarly, the Nasdaq 100 saw a 0.32% increase, buoyed by Applovin Corporation's impressive 36.70% surge. The S&P 500 wasn't left behind, gaining 0.22%, thanks to MGM Resorts International's 13.97% jump.

Euro Holds Steady Against the Dollar

In currency news, the euro maintained a stable position against the dollar, trading flat at 9:29 am ET, with a rate of 1.03850.