Stocks open higher on Wall Street with more help from tech
ABC News
Stocks are opening higher on Wall Street Wednesday, putting the market further into the green for the week after a solid gain a day earlier
NEW YORK -- Stocks are opening higher on Wall Street Wednesday, putting the market further into the green for the week after a solid gain a day earlier. The S&P 500 was up 1% in the early going. The gains were broad. Nine of ten stocks in the benchmark index rose, led by big technology companies including Microsoft. The tech-heavy Nasdaq rose 1.4% and the Dow Jones Industrial Average had a more modest gain of 0.7%. The yield on the 10-year Treasury note slipped to 1.94%, but it’s still the highest it’s been since before the pandemic began. Disney reports its latest results after the closing bell.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — Wall Street headed for another strong open Wednesday with inflation and the speed at which the Federal Reserve might pull back stimulus on the minds of investors.
In New York, futures for the benchmark S&P 500 index rose 0.8%, while futures for the Dow Jones Industrial Average were 0.6% higher. Markets are carrying some momentum from Tuesday, when the S&P 500 rose 0.8% and the Dow 1.1%.
