US: Wall St opens higher on megacaps boost; earnings, Fed comments
Wall Street’s main indexes opened higher on Wednesday (Apr 17) bolstered by megacap growth stocks and as more corporate earnings rolled in, while investors awaited commentary from Federal Reserve policymakers for clues on the state of the economy.
The Dow Jones Industrial Average rose 150.70 points, or 0.40 per cent, at the open to 37,949.67.
The S&P 500 opened higher by 17.56 points, or 0.35 per cent, at 5,068.97, while the Nasdaq Composite gained 77.03 points, or 0.49 per cent, to 15,942.29 at the opening bell. REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices drift higher as Fed stands pat on key interest rate
US to probe GoPro claims Chinese firm violated its patents
Singapore stocks open stronger on Thursday; STI up 0.5%
Asia’s retail investors hunt for fabled crypto riches
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Cordlife served letter of demand, notice of claim from customers