Market Opens Higher on Strong Earnings Reports

Major U.S. stock indexes opened higher on Wednesday, buoyed by positive 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 rumors that had caused uncertainty.

Significant Gains Across the Board

The Dow Jones Industrial Average surged by 1.89%, or 740 points, with Boeing leading the charge with a 6.98% increase. The Nasdaq 100 wasn't far behind, rising 3.15%, or 577 points, thanks to a notable 8.83% jump by Marvell Technology Inc. The S&P also enjoyed a healthy boost, climbing 2.52%, or 133 points, as Amphenol Corp. soared by an impressive 15.48%.

Euro Slightly Weakens Against the Dollar

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