The fall in the United States unemployment rate to 3.9% for the month of July has bought cheers to the U.S stock market.
Nasdaq and S&P opened higher at 7819.23 and 2829. Dow has also not disappointed the investors as it opened higher at 25,360.37
The investors are also anxious about the escalating trade war between the United States and China. China has issued a statement that it will levy import taxes of about $60 billion worth on the U.S goods in retaliation.