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US: Wall Street opens higher as investors cheer Apple earnings

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Published Fri, May 5, 2023 · 09:47 PM
    • The Dow Jones Industrial Average rose 120.81 points, or 0.36 per cent, at the open to 33,248.55.
    • The Dow Jones Industrial Average rose 120.81 points, or 0.36 per cent, at the open to 33,248.55. PHOTO: REUTERS

    US STOCKS opened higher on Friday (May 5) as Apple’s upbeat results underscored resilience in corporate earnings, while a stronger-than-expected jobs report tempered expectations of interest rate cuts from the Federal Reserve.

    The Dow Jones Industrial Average rose 120.81 points, or 0.36 per cent, at the open to 33,248.55.

    The S&P 500 opened higher by 23.51 points, or 0.58 per cent, at 4,084.73, while the Nasdaq Composite gained 106.63 points, or 0.89 per cent, to 12,073.03 at the opening bell. REUTERS

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