US: Wall St opens higher as Goldman, J&J results lift earnings mood

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