Dow opens up more than 100 points as dollar sinks
The Dow Jones Industrial Averaged on Tuesday traded more than 100 points as Wall Street looked to kick off 2018 on solid footing. The Dow was up to about 120 points, or 0.5%, at 24,838. The S&P 500 index gained 0.4% at 2,682, while the Nasdaq Composite Index gained 0.3% at 6,926. Stocks headed higher after U.S. equity markets were closed for New Year's Day on Monday. In corporate news, shares of Netflix Inc. were in focus after Macquarie raised the online-streaming company to outperform. Meanwhile, the dollar was sinking, off 0.2%, at 91.91, trading near September lows for the ICE U.S. Dollar Index , which tracks the buck against six rival currencies. A weaker dollar can be a boon to multinational companies, making their products and services more appealing to clients abroad.
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