US open: Stocks jump on the back of slightly better-than-expected data.


Wall Street was moving higher still shortly after the open, on the back of slightly better-than-expected readings for US consumption and on the outlook for inflation.

Apple logo outside store

Source: Sharecast

At 1536 BST, the Dow Jones Industrial Average was trading up by 0.11% at 44,927.46, alongside a 0.71% gain for the S&P 500 to 6,114.76 - a fresh record high.

The Nasdaq Composite meanwhile was adding 1.35% to 19,944.10.

In the background, the US dollar and gold futures were higher, amid reports that the White House was set to impose 25% tariffs on Canada and Mexico on Saturday.

West Texas crude oil futures were down 0.58% to $72.31 a barrel on NYMEX and the yield on the 10-year US Treasury note was little changed.

According to the Department of Commerce, personal consumption expenditures jumped in December by 0.7% month-on-month (consensus: 0.6%).

Core PCE price gains were steady at 2.8% year-on-year.

The three and six-month core PCE measures however had continued to move lower and Paul Ashworth at Capital Economics expected them to continue to do so.

However, in a research note sent to clients Ashworth cautioned that an earlier-than-expected imposition of tariffs posed an upside risk.

Core PCE is the Fed's preferred inflation gauge.

Shares of Apple were climbing 1.4% after the tech giant's latest quarterly results.

Dow Jones - Risers

Intel Corp. (INTC) $19.95 1.92%
Salesforce.Com Inc. (CRM) $347.30 1.09%
Cisco Systems Inc. (CSCO) $61.11 1.04%
Visa Inc. (V) $346.17 0.91%
Verizon Communications Inc. (VZ) $39.82 0.89%
Merck & Co. Inc. (MRK) $99.71 0.77%
Apple Inc. (AAPL) $241.18 0.59%
JP Morgan Chase & Co. (JPM) $269.58 0.50%
Dow Chemical Co. (DOW) $38.69 0.35%
Home Depot Inc. (HD) $415.82 0.32%

Dow Jones - Fallers

Walgreens Boots Alliance, Inc. (WBA) $9.62 -16.28%
Chevron Corp. (CVX) $148.83 -4.79%
International Business Machines Corporation (CDI) (IBM) $254.41 -1.49%
Procter & Gamble Co. (PG) $166.24 -0.70%
Travelers Company Inc. (TRV) $247.38 -0.69%
Coca-Cola Co. (KO) $63.65 -0.63%
Walmart Inc. (WMT) $98.21 -0.45%
3M Co. (MMM) $153.76 -0.41%
Walt Disney Co. (DIS) $113.15 -0.25%
Johnson & Johnson (JNJ) $152.52 -0.23%

S&P 500 - Risers

Eastman Chemical Co. (EMN) $100.22 8.15%
AbbVie Inc (ABBV) $189.44 7.85%
Lam Research Corp. (LRCX) $83.61 6.58%
KLA-Tencor Corp. (KLAC) $766.49 5.55%
Electronic Arts Inc. (EA) $122.86 4.74%
CIGNA Corp. (CI) $296.06 4.62%
Applied Materials Inc. (AMAT) $185.77 4.44%
Keysight Technologies Inc. (KEYS) $177.69 4.20%
Vertex Pharmaceuticals Inc. (VRTX) $460.00 4.03%
Texas Instruments Inc (TXN) $188.07 3.56%

S&P 500 - Fallers

Walgreens Boots Alliance, Inc. (WBA) $9.69 -15.71%
W.W. Grainger Inc. (GWW) $1,041.12 -7.54%
Resmed Inc. (RMD) $241.84 -6.14%
PPG Industries Inc. (PPG) $116.22 -5.32%
Colgate-Palmolive Co. (CL) $86.20 -5.16%
Hartford Financial Services Group Inc. (HIG) $108.96 -4.63%
Chevron Corp. (CVX) $149.35 -4.46%
Diamondback Energy Inc. (FANG) $165.36 -4.32%
Hess Corp. (HES) $139.55 -4.32%
Apache Corp. (APA) $22.40 -4.01%

Nasdaq 100 - Risers

Lam Research Corp. (LRCX) $83.61 6.58%
KLA-Tencor Corp. (KLAC) $766.49 5.55%
Electronic Arts Inc. (EA) $122.86 4.74%
Applied Materials Inc. (AMAT) $185.77 4.44%
Vertex Pharmaceuticals Inc. (VRTX) $460.00 4.03%
Texas Instruments Inc (TXN) $188.07 3.56%
Cadence Design Systems Inc. (CDNS) $302.91 3.35%
Nvidia Corp. (NVDA) $126.30 3.34%
Western Digital Corp. (WDC) $67.44 3.19%
Micron Technology Inc. (MU) $94.08 3.11%

Nasdaq 100 - Fallers

Walgreens Boots Alliance, Inc. (WBA) $9.69 -15.71%
Gen Digital Inc. (GEN) $26.90 -3.13%
Fastenal Co. (FAST) $73.42 -2.08%
DENTSPLY Sirona Inc. (XRAY) $19.92 -2.04%
Align Technology Inc. (ALGN) $222.98 -2.02%
Comcast Corp. (CMCSA) $33.67 -1.97%
T-Mobile Us, Inc. (TMUS) $233.82 -1.65%
Trip.com Group Limited (TCOM) $71.22 -1.41%
Liberty Global plc Series A (LBTYA) $11.57 -1.36%
Liberty Global plc Series C (LBTYK) $11.77 -1.30%

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