Gains for tech nudge S&P 500 slightly higher in early trade
NEW YORK (AP) — Most stocks are opening lower on Wall Street Wednesday, a day after the S&P 500 set its latest record high, but gains from several big technology comanies and other stocks nudged the index slightly higher in the early going.
Salesforce.com soared more than 17% after reporting quarterly results late Tuesday that blew past analysts’ expectations.
The standout report for the company came a day after it was tapped to be added to the Dow Jones Industrial Average.
Traders were encouraged to see that orders for big-ticket manufactured goods jumped 11.2% in July for the third straight monthly gain.
Treasury yields rose.
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