Market Rally Led by Boeing and Tech Stocks

Major U.S. stock indexes opened higher on Wednesday, buoyed by strong quarterly earnings reports from The Boeing Company, Philip Morris International Inc., AT&T Inc., and GE Vernova Inc.. The Dow Jones Industrial Average surged by 1.89%, with Boeing leading the charge with a 6.98% increase.

Tech Sector Fuels Nasdaq's Impressive Gain

The Nasdaq 100 climbed 3.15%, thanks to significant jumps by tech giants like Marvell Technology Inc., which saw an 8.83% rise. The S&P 500 also enjoyed a healthy increase of 2.52%, with Amphenol Corp. soaring by an impressive 15.48%.

Trump Denies Plans to Oust Fed Chair Powell

Amid the market's upbeat mood, President Donald Trump dismissed rumors of firing Federal Reserve Chair Jerome Powell, adding a layer of stability to the financial markets.

Currency Markets Show Minor Fluctuations

In currency news, the euro experienced a slight decline against the dollar, trading at $1.13991, down by 0.19%.