Stocks open tentatively higher as earnings news pours in
NEW YORK (AP) — Stocks are opening tentatively higher on Wall Street ahead of a busy day of potentially market-moving news. The S&P 500 was up 0.4%. Technology stocks were among the biggest winners in the early going on Wednesday, and chip maker AMD jumped 12% after reporting results that easily bested analysts’ forecasts. Starbucks also rose sharply after the company said it’s recovering faster than expected as its stores reopen. Later in the day the CEOs of Apple, Amazon, Facebook and Google’s parent company face questions from Congress in virtual testimony, and the Federal Reserve releases its latest update on interest rate policy and the economy.
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