US: Wall St opens higher with chips, megacaps in spotlight

WALL Street’s main indexes opened higher on Friday (Jan 19) as chip and megacap stocks continued their rise, while investors kept a close watch on ongoing corporate earnings and any hints about the timing of rate cuts.

The Dow Jones Industrial Average rose 103.89 points, or 0.28 per cent at the open, to 37,572.50.

The S&P 500 opened higher by 15.34 points, or 0.32 per cent, at 4,796.28, while the Nasdaq Composite gained 66.73 points, or 0.44 per cent, to 15,122.38 at the opening bell. REUTERS