US: Wall St opens higher on upbeat corporate earnings, stimulus hopes

[NEW YORK] US stocks opened higher on Tuesday following a slate of positive earnings reports from companies including IBM and Coca-Cola and on hopes of domestic stimulus to prop up an economy reeling from the Covid-19 pandemic.

The Dow Jones Industrial Average rose 152.27 points, or 0.57 per cent, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51 per cent, at 3,268.52.

The Nasdaq Composite gained 70.79 points, or 0.66 per cent, to a record high of 10,837.88 at the opening bell.

REUTERS