STOCK EXCHANGE: Wall Street opened up, shares of oil companies follow the decline in oil prices

Stock trading in New York opened higher. After half an hour of trading, the broad S&P 500 was up 0.6 percent and the techno-heavy Nasdaq was up 1.0 percent.

The Dow Jones index of flagship companies saws between ups and downs. Dow Jones is weighed down by individual companies that are heavy in the index. Caterpillarin the share’s weight in the index is over six percent and its price is down over three percent. For example, energy giant Chevron’s price drop is also significant

In recent days, investors have digested the surprisingly strong September employment report and the uncertain situation in the Middle East. For example, the price of Wti crude oil rose by 3.7 percent yesterday, but today the price has decreased by 2.8 percent.

For example, an energy company Chevronin the share price was down 1.8 percent and the S&P energy industry index was down even 2.5 percent at the beginning of trading. Technology shares had the strongest increase of almost one percent.

Investors weighing central bank policy are now eagerly waiting for the statistics on the development of US consumer prices to be announced on Thursday. Economists expect that September’s inflation reading slowed down to 2.3 percent from August’s 2.5 percent.

Multidisciplinary industrial company Honeywell’s the share price was up by about two percent. The company plans to list its Advanced Materials business separately.

A drinking giant Pepsicon’s share price was in a slight decline in pre-trading, because the company, in connection with its results announcement, lowered its guidance for the growth of turnover for the whole year. However, the profit figures were better than expected and after the stock market opened, the share price rose by 0.4 percent.