Wall Street Stocks Climb At Open As Investors Eye Earnings

IconCryptoNewsTerminal Staff30 Aug, 2024

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Wall Street Stocks Climb At Open As Investors Eye Earnings

Wall Street's three main indexes opened higher on Tuesday, buoyed by gains in technology and consumer discretionary stocks, as investors looked ahead to a busy week of corporate earnings reports. The S&P 500 rose 0.44% at the open, to 4,183.97. The Nasdaq Composite gained 0.74%, to 14,192.48. The Dow Jones Industrial Average added 0.22%, to 34,171.39. Investors are expected to focus on corporate earnings this week, with major companies like Tesla, AT&T, and United Airlines set to report their quarterly results. Earnings season is seen as a key indicator of the health of the U.S. economy. Among the early gainers, Tesla shares rose 3.3% after the electric car maker reported record quarterly deliveries. Apple shares gained 1.2%, while Amazon shares added 0.7%. Overall, the market sentiment remained positive, with investors betting on continued economic growth and a dovish stance from the Federal Reserve.

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