US: Wall St opens higher as Goldman, J&J results lift earnings mood
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WALL Street’s main indexes opened higher on Tuesday (Oct 18) as strong earnings from Goldman Sachs and Johnson & Johnson lifted hopes that upbeat corporate reports could soothe market worries of a potential recession due to rising inflation and interest rates.
The Dow Jones Industrial Average rose 511.7 points, or 1.70 per cent, at the open to 30,697.52.
The S&P 500 rose 68.3 points, or 1.86 per cent, at the open to 3,746.26, while the Nasdaq Composite rose 288.2 points, or 2.70 per cent, to 10,963.98 at the opening bell. REUTERS
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