Economy

US stock market opens higher

Airlines stocks up after lower crude prices

21.06.2017 - Update : 21.06.2017
US stock market opens higher

By Ovunc Kutlu

NEW YORK

The stock market opened higher Wednesday as airline companies' stocks posted gains.

The Dow added 17 points to begin trading at 21,484 points, and the S&P 500 rose 3 points to 2,440 points.

The Nasdaq increased 19 points to start the day at 6,207 points.

At the first bell, American Airlines shares rose 0.8 percent, while Delta Air Lines and Southwest Airlines saw their stock price increase 0.3 percent and 0.4 percent, respectively.

Crude oil prices fell to their lowest level in seven months on Tuesday, experts said, adding that low crude prices have increased investors' demand on airlines stocks.

The market and investors have focused on the weekly change in the U.S.' crude oil inventories and production level that will be released by the Energy Information Administration later Wednesday.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
Related topics
Bu haberi paylaşın