Wall St opens higher as chips recover, megacap earnings loom

Wall Street's main indexes opened higher on Monday (Jul 20) as chip stocks recovered from last week's pullback and investors awaited earnings from major technology companies that have driven the AI rally. The Dow Jones Industrial Average rose 8.2 points (0.02%) to 52,154.57, the S&P 500 gained 31.5 points (0.42%) to 7,489.18, and the Nasdaq Composite climbed 200.6 points (0.79%) to 25,720.871, according to Reuters.

Wall St opens higher as chips recover, megacap earnings loom NEW YORK Wall Street’s main indexes opened higher on Monday Jul 20 , as chip stocks recovered from last week’s pullback and investors awaited a key slate of earnings from major technology companies that have powered the market’s AI-driven rally. The Dow Jones Industrial Average rose 8.2 points, or 0.02 per cent, at the open to 52,154.57. The S&P 500 rose 31.5 points, or 0.42 per cent, at the open to 7,489.18, while the Nasdaq Composite rose 200.6 points, or 0.79 per cent, to 25,720.871 at the opening bell. REUTERS Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Share with us your feedback on BT's products and services TRENDING NOW /pulse?ref=trending-now What makes a good job? Feeling that you matter Faishal Ibrahim resigns over online messages with a female member of the public When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves