Wall Street opens higher fueled by strong earnings figures
|Major equity indexes in the U.S. started the day in the positive territory supported by upbeat first-quarter earnings figures. As of writing, the Dow Jones Industrial Average was up 0.4% on the day, the S&P 500 was adding 0.3% and the tech-heavy Nasdaq Composite was rising 1.45%.
The strong earnings report from Twitter, which showed a revenue of $786.9 million in the first quarter to beat the market expectation of $775 million, boosted the S&P 500 Technology and Communication Services, allowing them to rise 0.7% and 0.5%, respectively, higher.
On the other hand, the rate-sensitive S&P 500 Financials index is losing 0.2% on the day amid falling Treasury bond yields. Escalating geopolitical tensions following the U.S. decision to end sanctions exemptions for major importers of Iran's crude oil weighed on the market sentiment earlier in the day and ramped up the demand for safer T-bonds and dragged the yields lower.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.