Wall Street Opens Higher; Earnings, Policy Outlook in Spotlight

Wall Street Opens Higher; Earnings, Policy Outlook in Spotlight
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Feb. 6, 2024. Brendan McDermid/Reuters
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Wall Street opened higher on Wednesday, with the S&P 500 hitting a fresh record high, boosted by megacap and chip stocks, while investors assessed major corporate earnings and awaited clues from policymakers on the outlook for interest-rate cuts.

The Dow Jones Industrial Average opens new tab rose 92.53 points, or 0.24 percent, at the open to 38,613.89.