US stocks open higher after solid earnings
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NEW YORK, Jan 23 AFP
January 24 2013, 01:48AM
US stocks opened higher on Wednesday following solid earnings reports from leading technology companies.
Five minutes into trade, the Dow Jones Industrial Average was up 43.23 points (0.32 per cent) at 13,755.44.
The broad-based S&P 500 edged up 0.59 point (0.04 per cent) to 1,493.15.
The tech-heavy Nasdaq Composite added 8.84 (0.28 per cent) at 3,152.01.
The positive opening came after technology companies IBM and Google reported solid earning results on Tuesday after the market closed. Apple is slated to report earnings later on Wednesday.
"The US equity markets are modestly higher in early action, with the Street digesting a plethora of mixed earnings reports," said a Charles Schwab & Co market update.