U.S. stocks open higher as Nasdaq gains 0.45%

  • U.S. stocks opened higher after Christopher Waller discussed potentially unchanged rates this month.
  • Nasdaq Composite rose 0.45% to 26,336.322 at the open.
  • Initial jobless claims reached 206,000; the trade deficit widened to $88.6 billion.

U.S. stocks opened higher Thursday after Federal Reserve Governor Christopher Waller said he was open to leaving interest rates unchanged this month if data confirms inflation pressures are cooling. The Dow Jones Industrial Average rose 0.47% to 53,309.17, the S&P 500 gained 0.26% to 7,686.71 and the Nasdaq Composite advanced 0.45% to 26,336.322. These opening figures revise the earlier record of gains of 0.73% for the Dow, 0.61% for the S&P 500 and 0.81% for the Nasdaq. Communications-services shares led sector gains in the earlier market snapshot, while energy stocks slipped. Initial jobless claims rose to 206,000 in the fourth week of August, above the 205,000 estimate, and the U.S. trade deficit widened to $88.6 billion in July. Mint Incorporation surged after announcing plans to tokenize part of its Class A ordinary shares on Ethereum and Solana, while Ultragenyx Pharmaceutical plunged after a late-stage trial failure. Oil, gold, silver and copper advanced, European markets were mostly higher and Asian markets largely declined.

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U.S. stocks open higher as Nasdaq gains 0.45% - CoinPost Terminal