US Stocks Open Higher Despite Geopolitical Concerns

Major US stock indexes opened higher on Friday, shrugging off geopolitical tensions following Israel's security cabinet approval of Prime Minister Benjamin Netanyahu's plan to occupy Gaza City. The Dow Jones added 0.28%, the Nasdaq 100 advanced by 0.31%, and the S&P 500 gained 0.32% at the opening bell.

Global Criticism and Market Reactions

The decision by Israel's cabinet has sparked global criticism, yet markets appeared resilient. Visa shares improved by 0.80%, while Monster Beverage Corporation saw a significant jump of 7.22%. Expedia Group led the gains in the S&P 500 with a surge of 10.52%.

Federal Reserve Board Appointment

In other news, US President Donald Trump announced the selection of Stephen Miran, Chair of the White House Council of Economic Advisors, to serve on the Federal Reserve board until January 31, 2026. This move is seen as a significant development in US economic policy.

Currency Movements

The euro experienced a slight decline against the dollar, trading at $1.16513, down by 0.13% at 9:29 am ET.