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Wall Street open higher, boosted by upbeat earnings


Friday, 25 January 2019 21:42 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


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Stocks opened higher on Wall Street Friday, buoyed by upbeat corporate earnings.

The S&P 500 rose 16 points, or 0.6%, to 2,659, while the Dow Jones Industrial Average advanced 160 points, or 0.6%, to 24,713. The Nasdaq Composite was up 40 points, or 0.6%, to 7,113.

Analysts said stocks were set to build on the positive earnings tone that allowed stocks to end mostly higher on Thursday.

Shares of coffee-chain Starbucks Corp. were among those in the spotlight Friday, rising 2.7% after topping profit expectations. Also, The Wall Street Journal reported that the Federal Reserve is close to a decision on whether to wind down its efforts to shrink its balance sheet sooner than expected.

Source: Marketwatch


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