US stocks trade cautiously higher ahead of ECB

The buying interest in the US stock markets returned, but investors stay cautious ahead of the tomorrow’s ECB rate review.

At the time of writing, the Dow Jones Industrial Average (DJIA) was up 27 points or 0.16% and was making an attempt to retake 17,000 handle. S&P 500 index and Nasdaq index were up 0.30% and 0.22% respectively.

The DJIA oil and gas index was up 0.70%, along with a 0.80% rise in Transportation stocks. Shares in Chevron were up 2.75% followed by a 2% rise in CIBM shares. The losing side included names like Nike, Goldman Sachs, Walt Disney.

Across the pond, the European benchmark Stoxx Europe 600 was up 1% on the back of rebound in oil and rise in copper prices.

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The Canadian dollar has gained further ground vs. the greenback, sending USD/CAD to test fresh lows in the 1.3360/50 band...
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United States EIA Crude Oil Stocks change came in at 3.88M, below expectations (4M) in March 4

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