Wall Street opens modestly higher on strong earnings figures

Eren Sengezer FXStreet

Major equity indexes in the United States started the day in the positive territory on Tuesday boosted by upbeat earnings figures. As of writing, the Dow Jones Industrial Average was up 0.22% on the day while the S&P 500 and the Nasdaq Composite were adding 0.2% and 0.27%, respectively.

Supported by higher-than-expected Q1 revenue published by UnitedHealth, the S&P 500 Healthcare Index is rising 0.3% while the S&P 500 Consumer Discretionary is up 0.5% on the back of Johnson & Johnson's strong Q1 sales figure of $20.02 billion vs $19.61 billion estimated.

On the other hand, the S&P 500 Materials and Real Estate indexes stay in the negative territory in the early trade to limit Wall Street's upside for the time being.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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