Wall St rises at open on Apple boost; Fed in focus

Fawad Maqsood July 31, 2019

US stocks opened higher on Wednesday, lifted by Apple’s shares, as the iPhone maker’s upbeat earnings eased concerns over the impact of the US-China trade war, while investors awaited an almost certain cut in interest rates by the Federal Reserve.

The Dow Jones Industrial Average rose 46.65 points, or 0.17%, at the open to 27,244.67.

The S&P 500 opened higher by 3.04 points, or 0.10%, at 3,016.22. The Nasdaq Composite gained 17.18 points, or 0.21%, to 8,290.80 at the opening bell.

Copyright Reuters, 2019

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