S&P 500, Nasdaq Open Higher After Apple Results, Inflation Data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 26, 2022. Brendan McDermid/Reuters

The S&P 500 and the Nasdaq opened higher on Friday after strong results from Apple Inc. and as the latest reading of the Federal Reserve’s preferred gauge to measure inflation came in line with expectations.

The Dow Jones Industrial Average fell 25.54 points, or 0.07 percent, at the open to 34,135.24.