S&P 500, Nasdaq Rise at Open on Amazon, Intel Boost; Inflation Data Lifts Sentiment

S&P 500, Nasdaq Rise at Open on Amazon, Intel Boost; Inflation Data Lifts Sentiment
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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The S&P 500 and the Nasdaq opened higher on Friday as robust forecasts from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.

The Dow Jones Industrial Average fell 1.90 points, or 0.01 percent, at the open to 32,782.40. The S&P 500 opened higher by 15.70 points, or 0.38 percent, at 4,152.93, while the Nasdaq Composite gained 123.08 points, or 0.98 percent, to 12,718.69 at the opening bell.