Stocks opened higher Wednesday, putting the Dow industrials on track to log its seventh record closing high in a row, fueled by better-than-feared quarterly results. Notably, Morgan Stanley reported second-quarter results thatbeat Wall Street’s expectations. lifting the investment bank’s shares. The Dow Jones Industrial Average rose 0.2% to 18,601, the S&P 500 index climbed 0.2% at 2,167. while the Nasdaq Composite Index advanced 0.4% to 5,056. On Tuesday, both the S&P 500 and Nasdaq finished lower as the broader market retreated after disappointing quarterly results from Netflix Inc. . Meanwhile, crude-oil prices were trading 1.6% lower at $44.74 a barrel, ahead of data on inventories.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News