US surges at open amid earnings, Fed talks

Tuesday, 01. November 2022 14:30

Major stock indexes in the United States started the Tuesday session off on a strong footing, amid corporate earnings reports and ahead of the Federal Reserve's meeting, which will commence later today, with the final decision on monetary policy to be revealed tomorrow.

On the earnings front, Uber and Pfizer, alongside Fox and Eli Lilly, all posted solid quarterly results. Traders are also bracing for various economic reports in the country, due after the open.

The Dow Jones jumped 0.63% or 205 points at the opening bell, as Nike was up 3.09% at 9:31 am ET. The S&P 500 added 1% at 9:30 am ET, with Wynn Resorts soaring 3.99% a minute later. The Nasdaq 100 surged 1.48% at the open, as Pinduoduo skyrocketed 9.43% at 9:31 am ET. The euro was 0.57% up against the dollar at 9:29 am ET, selling for 0.99387.

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Baha Breaking News (BBN) / AY