Market Opens Higher on Strong Earnings Reports

Major U.S. stock indexes opened higher on Wednesday, buoyed by impressive quarterly results from The Boeing Company, Philip Morris International Inc., AT&T Inc., and GE Vernova Inc.. The positive momentum was further supported by President Donald Trump's denial of rumors about firing Federal Reserve Chair Jerome Powell.

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, climbing 3.15% or 577 points, thanks to a notable 8.83% jump by Marvell Technology Inc. The S&P also enjoyed a healthy rise of 2.52% or 133 points, highlighted by Amphenol Corp.'s impressive 15.48% soar.

Euro Slightly Down Against Dollar

In currency news, the euro experienced a slight decline, losing 0.19% to the dollar, trading at $1.13991.