Boeing leads Dow average higher in early trading
NEW YORK (AP) — Stocks are opening higher on Wall Street, following a big drop the day before, after big companies including Boeing reported stronger profits.
Boeing was the biggest gainer in the Dow Jones industrial average, rising nearly 2 percent, after saying its full-year profits will be better than expected thanks to a pickup in commercial airplane deliveries.
Shortly after the opening bell Wednesday the Dow was up 36 points at 13,138.
The Standard & Poor's 500 was up six points at 1,419 and the Nasdaq rose 21 points to 3,012.
Facebook jumped $4.26 to $23.76 after its quarterly report late Tuesday reassured investors that the social media site was taking in significant revenues from mobile advertising.
Netflix plunged $8.22 to $60 after cutting its forecast for full-year additions of video streaming subscribers.