US opens higher amid earnings, Fed Beige Book

Wednesday, 20. April 2022 15:30

Major stock indexes in the United States traded higher at the opening bell on Wednesday, as investors wait for the Federal Reserve Bank to reveal the Beige Book report. On the earnings front, both Abbott Laboratories and Procter & Gamble Company reported a revenue increase in the first and third quarters of 2022 respectively.

The Dow Jones gained 0.68% or 234 points at 9:30 am ET, as Cisco Systems added 1.47% at the same time. The S&P 500 was up 0.49% at 9:30 am ET, with Omnicom leading the gains, surging 7.19% a minute later. The Nasdaq 100 rose 0.36% at 9:31 am ET, only to tumble 0.56% at 9:43 am ET, with Netflix plummeting 32% a minute later.

The euro was 0.46% up against the dollar selling for 1.08364 at 9:29 am ET.

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