U.S. stocks open higher, lifted by upbeat earnings
Wednesday, 23 January 2019 21:45 WIB |
MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq
U.S. stocks opened higher Wednesday, taking back a chunk of the previous day's decline, as investors cheered upbeat earnings as fourth-quarter corporate results continue to roll in.
The S&P 500 rose 0.5% to 2,645.39, the Nasdaq Composite gained 38 points, or 0.5%, to 7,058, while the Dow Jones Industrial Average advanced 222 points, or 0.9%, to 24,626.
International Business Machines led Dow gainers, jumping 6.5% after its earnings and outlook topped expectations.
Dow components Procter & Gamble Co., up 6.4%, and United Technologies up 6.1%, were also on the rise after earnings.