Salem Radio Network News Friday, July 23, 2021

Business

Wall St opens higher after steep selloff, IBM gains on strong results

(Reuters) – Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.

The Dow Jones Industrial Average rose 19.8 points, or 0.06%, at the open to 33981.79. The S&P 500 rose 6.6 points, or 0.16%, at the open to 4265.11‚Äč, while the Nasdaq Composite rose 55.5 points, or 0.39%, to 14330.462 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)

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