Wall Street Opens Higher on Upbeat Earnings; Factory Data in Focus

A Wall Street sign outside the New York Stock Exchange in the Manhattan borough of New York, on April 16, 2021. Carlo Allegri/Reuters

Wall Street’s main indexes opened higher on Wednesday after robust quarterly earnings from luxury retailers and Salesforce, while investors awaited factory activity data for cues on the strength of the U.S. economy.

The Dow Jones Industrial Average rose 166.19 points, or 0.50 percent, at the open to 33,156.31.

The S&P 500 opened higher by 17.63 points, or 0.43 percent, at 4,149.78, while the Nasdaq Composite gained 95.50 points, or 0.79 percent, to 12,176.89 at the opening bell.