Stocks open higher on Wall Street, reversing earlier declines
Stocks are opening solidly higher on Wall Street after a number of big U.S. companies reported strong quarterly earnings. The early gains recovered some of the ground the market lost a day earlier, when it had its biggest drop since August.
Boeing (BA) jumped 6 percent in early trading Wednesday. The aerospace giant has been the biggest gainer in the Dow Jones industrial average over the past year.
Xerox (XRX) rose 10.5 percent after reporting a strong quarter of its own. Chipmaker Advanced Micro Devices (AMD) rose 4.7 percent and Electronic Arts (EA) rose 8.6 percent.
The Standard & Poor's 500 index rose 15 points, or 0.6 percent, to 2,837. The Dow rose 238 points, or 0.9 percent, to 26,318. The Nasdaq climbed 48 points, or 0.7 percent, to 7,451.
