Wall Street mostly higher, Nasdaq up over 100 points

Tuesday, 02. August 2022 18:28

Major stocks on Wall Street recorded small gains after the opening bell after the United States House Speaker Nancy Pelosi arrived in Taiwan, marking the first visit by a House leader to Taiwan in 25 years.

Meanwhile, PayPal, Starbucks, Airbnb, and Gilead are all set to report earnings after the market close.

The Nasdaq improved by 0.86% or 112 points at 12:25 pm ET, and the S&P 500 turned to gains after struggling for direction, gaining 0.42% at the same time. However, the Dow Jones Industrial Average plummeted by 0.12% a minute later, with Caterpillar Inc. pulling the index down by 3.35% following the release of its quarterly earnings report.

The euro lost 0.57% against the dollar, going for $1.02042 at 12:26 pm ET.

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Author:
Baha Breaking News (BBN) / AB