Wall Street Opens Higher on Upbeat Earnings; Factory Data in Focus

By Reuters
Reuters
Reuters
June 1, 2022 Updated: June 1, 2022

Wall Street’s main indexes opened higher on Wednesday after robust quarterly earnings from luxury retailers and Salesforce, while investors awaited factory activity data for cues on the strength of the U.S. economy.

The Dow Jones Industrial Average rose 166.19 points, or 0.50 percent, at the open to 33,156.31.

The S&P 500 opened higher by 17.63 points, or 0.43 percent, at 4,149.78, while the Nasdaq Composite gained 95.50 points, or 0.79 percent, to 12,176.89 at the opening bell.

Reuters