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.. Additionally, President Donald Trump denied rumors of plans to fire Federal Reserve Chair Jerome Powell, adding to the positive market sentiment.

Indexes Show Significant Gains

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 in part to Marvell Technology Inc.'s 8.83% jump. The S&P 500 also enjoyed a healthy gain of 2.52%, or 133 points, as Amphenol Corp. soared by an impressive 15.48%.

Currency Movements

In currency markets, the euro dipped slightly against the dollar, losing 0.19% to trade at $1.13991.