Salem Radio Network News Thursday, August 18, 2022

Business

Wall St opens higher on upbeat earnings

(Reuters) – Wall Street’s main indexes opened higher on Thursday as results from American Airlines and Travelers kept the positive momentum going for the fourth-quarter earnings season, a day after the tech-heavy Nasdaq index plunged into correction territory.

The Dow Jones Industrial Average rose 74.01 points, or 0.21%, at the open to 35,102.66. The S&P 500 opened higher by 14.59 points, or 0.32%, at 4,547.35, while the Nasdaq Composite gained 122.60 points, or 0.85%, to 14,462.85 at the opening bell.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Aditya Soni)

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