Market Rally Led by Boeing and Tech Stocks

Major U.S. stock indexes opened higher on Wednesday, fueled by positive 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%, or 740 points, with Boeing leading the charge with a 6.98% increase. The Nasdaq 100 and S&P also saw significant gains, driven by strong performances from tech and industrial sectors.

Trump Denies Plans to Fire Fed Chair Powell

Amid the market's upbeat mood, President Donald Trump dismissed rumors about firing Federal Reserve Chair Jerome Powell, adding a layer of political stability to the financial markets. This denial came as a relief to investors, who are closely monitoring the Fed's interest rate policies.

Currency Markets React

In currency markets, the euro experienced a slight decline against the dollar, trading at $1.13991, down by 0.19%. This movement reflects the ongoing adjustments in global currency valuations amidst the U.S. market's rally.