2/5/2019, 3:31 PM (Source: TeleTrader)
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Wall Street opens higher ahead of earnings, SOTU

Major stock indices in the United States traded higher in the early trading moments on Tuesday as market watchers echoed the latest corporate earnings and yesterday's two-month high sparked by a rally of tech shares. Yesterday, Alphabet Inc. reported revenue for the fourth quarter of 2018 of $39.2 billion, a 22% jump compared to the same period of 2017. Tuesday's corporate results roster includes Walt Disney Co. and Snap Inc. On the data front, service PMIs and ISM non-manufacturing numbers are likely to have investors' attention. Meanwhile, they will be keeping an eye on the State of the Union Address scheduled for tonight and President Donald Trump's comments on trade and the broader economy.

The Dow Jones Industrial Average was up 0.19% shortly after the opening bell led by gains from Boeing and Nike whose shares added 1.19% and 1.08%, respectively. Meanwhile, the Nasdaq 100 rose 0.13% as lulemon athletica rose nearly 3%, while the S&P 500 jumped 0.12% thanks to Estee Lauder and Ralph Lauren stocks ascending 10.07% and 8.31%, respectively. The euro lost 0.07% against the greenback, to go for 1.4216 at 9:30 am ET.

Breaking the News / GG