Investing.com - U.S. stocks opened higher Friday as speculation ran high that central banks will move to lift world economies while investors await the Greek elections.
At the open of U.S. trade, the Dow Jones Industrial Average rose 0.54%, the S&P 500 index added 0.41%, while the tech heavy Nasdaq Composite index advanced 0.57%.
Stocks moved higher on the session as investors became optimistic that central banks will move to add liquidity to downtrodden euro zone markets after Sunday’s critical Greek elections.
Dampening equity sentiment in the U.S., UoM consumer sentiment fell more-than-expected last month, preliminary data showed on Friday.
In a report, the University of Michigan said that consumer sentiment fell to a seasonally adjusted 74.1, from 79.3 in the preceding month.
Analysts had expected UoM consumer sentiment to fall to 77.5 last month.
In additional stock negative news, U.S. industrial production fell unexpectedly last month, official data showed on Friday.
Meanwhile, U.S. TIC long term purchases rose less-than-expected last month, official data showed on Friday.
In a report, Department of the Treasury said that U.S. TIC long term purchases rose to a seasonally adjusted 25.6B, from 36.0B in the preceding month whose figure was revised down from 36.2B.
Analysts had expected U.S. TIC long term purchases to rise 45.3B last month.
In a report, the Federal Reserve said that industrial production fell to -0.1%, from 1.0% in the preceding month whose figure was revised down from 1.1%.
Analysts had expected industrial production to rise 0.1% last month.
Microsoft spiked higher on positive worldwide sentiment despite negative U.S. data climbing 2.01%
Telephone company Sprint added 0.65% after announcing it filed a motion to dismiss a tax fraud suit.
Nokia jumped 2.98% in early trade after announcing cost slashing moves despite being downgraded.
In the midst of European afternoon trade, the EURO STOXX 50 added 1.48%, France’s CAC 40 jumped by 0.08%, while Germany’s DAX 30 climbed 1.42%.
At the open of U.S. trade, the Dow Jones Industrial Average rose 0.54%, the S&P 500 index added 0.41%, while the tech heavy Nasdaq Composite index advanced 0.57%.
Stocks moved higher on the session as investors became optimistic that central banks will move to add liquidity to downtrodden euro zone markets after Sunday’s critical Greek elections.
Dampening equity sentiment in the U.S., UoM consumer sentiment fell more-than-expected last month, preliminary data showed on Friday.
In a report, the University of Michigan said that consumer sentiment fell to a seasonally adjusted 74.1, from 79.3 in the preceding month.
Analysts had expected UoM consumer sentiment to fall to 77.5 last month.
In additional stock negative news, U.S. industrial production fell unexpectedly last month, official data showed on Friday.
Meanwhile, U.S. TIC long term purchases rose less-than-expected last month, official data showed on Friday.
In a report, Department of the Treasury said that U.S. TIC long term purchases rose to a seasonally adjusted 25.6B, from 36.0B in the preceding month whose figure was revised down from 36.2B.
Analysts had expected U.S. TIC long term purchases to rise 45.3B last month.
In a report, the Federal Reserve said that industrial production fell to -0.1%, from 1.0% in the preceding month whose figure was revised down from 1.1%.
Analysts had expected industrial production to rise 0.1% last month.
Microsoft spiked higher on positive worldwide sentiment despite negative U.S. data climbing 2.01%
Telephone company Sprint added 0.65% after announcing it filed a motion to dismiss a tax fraud suit.
Nokia jumped 2.98% in early trade after announcing cost slashing moves despite being downgraded.
In the midst of European afternoon trade, the EURO STOXX 50 added 1.48%, France’s CAC 40 jumped by 0.08%, while Germany’s DAX 30 climbed 1.42%.