Stocks rose at the opening bell on Wednesday as investors keyed into the next round of first-quarter corporate earnings, while showing little interest in China's robust economic data.
The S&P 500 was up 0.3% to 2,916. The Dow Jones Industrial Average picked up 32 points, or 0.1%, to 26,484. The Nasdaq Composite climbed 0.6% to 8,046. Key equity benchmarks continue to move toward their record highs, with the S&P 500 less than 1% away from its all-time closing high on Sept. 20.
China's economy grew 6.4% on a yearly basis in the first-quarter, thanks to a rebound in industrial activity. In company news, shares of Netflix Inc. rose in pre-market trading after the entertainment firm said it attracted close to 10 million subscribers in its first-quarter results.
Source : MarketWatch