NEW YORK (AP) — Stocks are opening higher after Apple, Coca-Cola and two major banks reported strong financial results.
Apple easily surpassed profit forecasts and, more importantly, raised its revenue outlook above analysts’ expectations when it released results after the market closed Tuesday.
Coke, Morgan Stanley and Wells Fargo all beat analysts’ forecasts early Wednesday. Shares of all three companies were up sharply in early trading. Yahoo’s shares sank after reporting disappointing results.
In the opening minutes of trading, the Dow Jones industrial average rose 5 to 10,235. The broader S&P 500 Index rose 2, or 0.2 percent, to 1,085. The Nasdaq composite index fell 1 to 2,221.
