US STOCKS SNAPSHOT-Nasdaq, S&P 500 open higher on positive forecasts from Apple, Amazon


Reuters | Updated: 29-07-2022 19:04 IST | Created: 29-07-2022 19:04 IST
US STOCKS SNAPSHOT-Nasdaq, S&P 500 open higher on positive forecasts from Apple, Amazon

The Nasdaq and the S&P 500 opened higher on Friday as positive forecasts from Apple and Amazon indicated resilience in mega-cap companies to survive an economic downturn, with hopes of a less aggressive monetary policy boosting sentiment.

The S&P 500 opened higher by 14.90 points, or 0.37%, at 4,087.33, while the Nasdaq Composite gained 77.10 points, or 0.63%, to 12,239.69 at the opening bell.

The Dow Jones Industrial Average fell 14.01 points, or 0.04%, at the open to 32,515.62.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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