Wall Street Opens Higher Ahead of Trump's Tariff Announcement

Major stock markets in the United States saw an upward trend at the opening on Thursday. Investors were on the edge, anticipating President Donald Trump's announcement of retaliatory tariffs. This comes at a time when the fourth-quarter earnings season is in full swing, with companies like Airbnb and Coinbase set to unveil their performance reports after the market closes.

The Dow Jones Industrial Average experienced a notable increase, jumping 0.33% or 144 points at the open. The Nasdaq 100 wasn't far behind, increasing by 0.32%, while the S&P 500 gained 0.22%. Notably, Cisco Systems Inc. saw a significant rise, trading 6.17% higher. The Applovin Corporation also made headlines with a 36.70% increase, and MGM Resorts International added 13.97%, contributing to the S&P 500's upward movement.

At 9:29 am ET, the euro remained stable against the dollar, trading at 1.03850.