US markets open on record highs with data, earnings in focus

Wednesday, 10. February 2021 15:30

Shares on Wall Street opened Wednesday's session in the green with all three major indexes hitting all-time highs as economic data boosted investors' confidence over the recovery from the coronavirus crisis. The US Bureau of Labor Statistics' report showed that the country's inflation rate grew by 1.4% annually in January, while traders await the statistical report on the US wholesale inventories that is set to be released after the opening bell.

As the earnings season heats up, General Motors announced its financial results for the fourth quarter, unveiling that its diluted earnings per share stood at $1.93, surging from a loss per share of $0.16 that was recorded in the same trimester of 2019.

The Dow Jones climbed 0.36% or more than 100 index points to kick off the session on a record high with Walgreens Boots advancing over 1% at 9:31 am ET, while the S&P 500 marked another opening high as it started 0.46% higher as Twitter soared over 11% at 9:31 am ET following strong results in t. The Nasdaq 100 hit an all-time high at the open as well, advancing 0.47% led by Match Group's jump of nearly 5%. The euro went up by 0.17% to change hands for $1.21367 at 9:27 am ET.

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Breaking the News / GA