Dow and S&P 500 indexes are back at record highs
NEW YORK (AP) — Stocks are opening higher on Wall Street, sending major indexes back into record territory.
The Dow Jones industrial average was up 100 points, or 0.6 percent, to 15,717 points in the first few minutes of trading Wednesday. The Standard & Poor’s 500 index was up nine points, or 0.6 percent, to 1,772. Both are trading above the record highs they reached last week.
The Nasdaq composite rose 13 points, or 0.4 percent, to 3.954.
Several companies rose after reporting higher earnings than analysts were expecting.
Ralph Lauren rose $6.47, or 4 percent, to $177.53 after its income beat analysts’ expectations. Molson Coors Brewing Company increased $1.06, or $55.07, after its earnings also exceeded analysts’ forecasts.
The yield on the benchmark 10-year Treasury note fell to 2.65 percent from 2.67 percent.