Paris attacks 2015: US markets open marginally higher
US stock markets traded mostly higher on opening on Monday, helped by oil prices, following on from terror attacks in Paris on Friday that had caused Asian and European markets to fall on opening.
The Dow Jones Industrial Average was 0.26 per cent up at 17,290 points as markets opened, while the S&P 500 was 0.32 per cent up at 2,029 points and the NASDAQ was 0.07 per cent higher at 4,931 points.
Read more: Paris attacks – Oil prices climb nearly two per cent on Middle East uncertainty
“Oil prices are gaining slightly at the start of the new week in response to the increased geopolitical risks following the terrorist attacks in Paris,” said analysts at Commerzbank.
It was expected that markets would open lower due to the terrorist attacks across central Paris on Friday. The FTSE 100, however, has rebounded from this morning's losses.
Read more: FTSE 100 holds firm after Paris attacks
The New York Stock Exchange this morning held a minute of silence before the opening bell for the victims of the attack.
The Dow Jones rallied as shares in Chevron led the pack. Chevron's share price was 1.8 per cent up in morning trade, while the S&P 500 was led higher by a host of energy companies.