Wall Street opens higher after ECB decision, retail sales data

REUTERS: U.S. stocks opened higher on Thursday on better-than-expected May retail sales data, while investors assessed the European Central Bank’s move to end its stimulus program and the U.S. Federal Reserve’s guidance on monetary policy.

The Dow Jones Industrial Average rose 53.45 points, or 0.21 percent, at the open to 25,254.65. The S&P 500 opened higher by 7.58 points, or 0.27 percent, at 2,783.21. The Nasdaq Composite gained 27.84 points, or 0.36 percent, to 7,723.53 at the opening bell.

Traders work on the floor of the New York Stock Exchange (NYSE)

(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)

READ  University of Oxford plans first bonds issue