US Stock Market Today: S&P 500, Dow Jones Open With Gains On Trade Deal Optimism

The US stock market opened higher for the fourth session on Thursday as well, with the Dow Jones Industrial Average advancing over 208 points or about 0.4%, just after the opening bell. The tech-heavy Nasdaq Composite increased 0.2%, gaining about 53 points.

The S&P 500 gained 0.2% to trade above 6,100 points. The positive start comes in the backdrop of US President Donald Trump announcing a trade framework with China, and hinting that a "very big one" was likely to be inked with India soon.

Among major companies, shares of Nike was trading over 14% higher. Players like AMD, Boeing and Dollar Tree were also trading in the green. Names like Uber Tech, Dell Tech and Domino's Pizza were down.

With tariff headwinds still a concern, Wall Street sees profit growth of 2.8% year-over-year for the second quarter for the benchmark, according to Bloomberg. That would be the smallest jump in two years. The lacklustre forecasts magnify warning signs that are piling up about the sustainability of the equities rally.

The Bloomberg Dollar Spot Index was majorly unchanged. The 10-Year Treasury Yield advanced four basis points to 4.28%.

Among commodities, the US West Texas Intermediate Crude rose 0.8% to $65.77 per barrel, whereas spot gold fell 2.1% to $3,259.11 per ounce.

Bitcoin, the largest traded cryptocurrency, fell 1% to $106,767.87.