(Reuters) – The New York Stock Exchange opened slightly higher on Wednesday, supported by growth stocks, and as investors digested a new series of company results.
In early trading, the Dow Jones index gained 141.16 points, or 0.37%, to 37,940.13 points and the broader Standard & Poor’s 500 rose 0.40% to 5,071.49 points.
The Nasdaq Composite gained 0.45%, or 71.27 points, to 15,936.52.
The US market advanced cautiously on Wednesday, with investors digesting a series of corporate results and bond yields falling after their recent rise, driven by doubts over Federal Reserve rate cuts.
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Fed Chairman Jerome Powell acknowledged Tuesday that monetary policy makers in the United States were not confident enough in the trajectory of inflation to be able to lower rates, while the latest figures in the United States surprised on the rise.
After Powell, the remarks of Michelle Bowman, governor of the American central bank, and Loretta Mester, president of the Cleveland Fed, who are both due to speak later in the day, will be closely followed in order to obtain additional comments on economic policy.
Investors’ attention is also turning to the first quarter earnings season which is in full swing, with United Airlines rising 6.4% at the open after announcing a higher-than-expected profit forecast for Tuesday evening. the current quarter.
The airlines Delta Airlines and American Airlines advance by 2.3% and 3.5 in the wake of their rival.
US Bancorp, which on Wednesday lowered its forecast for net interest income for the whole year and announced a 22% drop in first-quarter profit, lost 4%.
Large market caps such as Microsoft and Amazon.com are in the green.
(Written by Diana Mandiá)
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