Stock Markets

US stock market record new highs at open

Two of the three major indexes in the U.S. stock market opened at record-high levels on Tuesday with positive macroeconomic data and a rise in oil prices.

The Dow increased 26 points to begin the day at 21,008.

The S&P 500 rose almost 2 points to open at 2,404 and the Nasdaq added 7 points to 6,157. Both indexes reached fresh all-time highs at the opening, after they broke record high levels on Monday.

Industrial production increased by 1 percent in April, marking its strongest monthly increase since February 2014, the Federal Reserve announced on Tuesday.

At the opening bell, American benchmark West Texas Intermediate was trading at $49.30 a barrel with a 0.9 percent gain. International benchmark Brent crude was up 0.6 percent at $52.27 per barrel.

By Ovunc Kutlu in New York

Anadolu Agency

ovunc.kutlu@aa.com.tr


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