US opens higher with Hormuz plan in focus

 Major equities on Wall Street opened the first session of the week on Monday in the green territory despite the ongoing war in the Middle East.

Global markets are keeping a close eye on US President Donald Trump's hopes that a coalition of countries may be able to secure the passage of tankers through the Strait of Hormuz, which has seen several ships burning over a couple of days as Iran stepped up supply pressure.

The Dow Jones Industrial Average added 0.85% or 395 points at the opening bell. A minute later, Nvidia increased by 1.87%. The Nasdaq went up 0.99%, while the S&P 500 advanced 0.83%, as Intel jumped 6.16% in both at 9:32 am ET. The euro traded 0.57% higher against the dollar to go for at 9:24 am ET.

https://breakingthenews.net/Article/US-opens-higher-with-Hormuz-plan-in-focus/65879694