US: Nasdaq, S&P 500 open higher on positive forecasts from Apple, Amazon

THE Nasdaq and the S&P 500 opened higher on Friday (Jul 29) as positive forecasts from Apple and Amazon indicated resilience in mega-cap companies to survive an economic downturn, with hopes of a less aggressive monetary policy boosting sentiment.

The S&P 500 opened higher by 14.90 points, or 0.37 per cent, at 4,087.33, while the Nasdaq Composite gained 77.10 points, or 0.63 per cent, to 12,239.69 at the opening bell.

The Dow Jones Industrial Average fell 14.01 points, or 0.04 per cent, at the open to 32,515.62. REUTERS