Wall Street Opens Higher on Nvidia Earnings Optimism

Wall Street Opens Higher on Nvidia Earnings Optimism
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange on Oct. 26, 2020. Mike Segar/Reuters
Reuters
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Wall Street’s main indexes opened higher on Tuesday as optimism around Nvidia’s keenly awaited earnings report drove the chip designer’s shares to a record high and also kept other megacap growth stocks on a strong footing.

The Dow Jones Industrial Average rose 30.48 points, or 0.09 percent, at the open to 34,494.17.

The S&P 500 opened higher by 15.56 points, or 0.35 percent, at 4,415.33, while the Nasdaq Composite gained 96.35 points, or 0.71 percent, to 13,593.95 at the opening bell.