Wall Street opens higher after encouraging China data, earnings

Business

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks opened higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.

The Dow Jones Industrial Average rose 15.87 points, or 0.06%, at the open to 26,468.53. The S&P 500 opened higher by 8.98 points, or 0.31%, at 2,916.04. The Nasdaq Composite gained 44.74 points, or 0.56%, to 8,044.97 at the opening bell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila

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