US stocks open higher after Trump impeached
Investors await new stimulus package from Biden for additional liquidity in economy
US stocks opened higher Thursday, one day after President Donald Trump became the first-ever to be impeached twice.
The Dow was up 72 points to 31,132 at 9.34 a.m. EDT (1434GMT) and the S&P 500 rose six points to 3,816.
The Nasdaq was up 55 to 13,183 as companies that saw a steady rise in their stock during the initial months of the coronavirus pandemic, including Netflix, Zoom and Intel, gaining 1%.
The dollar index hovered above the $90 threshold, putting downward pressure on crude prices that hurt the purchasing power of oil importing countries.
The price of Brent crude was $55.67, falling 0.7%, while the US' West Texas Intermediate was at $52.73, posting a 0.3% decline.
Precious metals struggled to recover from recent losses with gold at $1,847 per ounce and silver at $25.5 as investors await a new stimulus package from President-elect Joe Biden after he takes office Jan. 20.
The package is expected to be more than $1 trillion and revive the world's largest economy through additional liquidity, which is struggling with high unemployment, weak productivity and low inflation that is below the Federal Reserve's target of 2%.
The US House of Representatives voted 232-197 to impeach Trump on a single article of incitement of insurrection Wednesday for his alleged role in last week's deadly siege of the Capitol building, sending the matter to the Senate for a trial that is expected to begin after Biden takes office.
In a video released Wednesday, Trump "unequivocally" condemned the violence that caused the death of five people and said "no true supporter of mine could ever endorse political violence."
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