Market Opens Higher on Positive Earnings Reports

Major U.S. stock indexes opened higher on Wednesday, buoyed by strong quarterly results from The Boeing Company, Philip Morris International Inc., AT&T Inc., and GE Vernova Inc.. The market's optimism was further supported by President Donald Trump's denial of plans to fire Federal Reserve Chair Jerome Powell, dispelling earlier rumors.

Indexes Show Significant Gains

The Dow Jones Industrial Average climbed by 1.89%, or 740 points, with Boeing leading the charge with a 6.98% surge. The Nasdaq 100 wasn't far behind, rising 3.15%, or 577 points, thanks to a significant jump by Marvell Technology Inc.. The S&P also enjoyed a healthy increase of 2.52%, or 133 points, highlighted by Amphenol Corp.'s impressive 15.48% rise.

Euro Slightly Weakens Against the Dollar

In currency markets, the euro experienced a slight decline, losing 0.19% against the dollar to trade at $1.13991.