Stocks opened higher following strong retail earnings on Wednesday morning, a day after the S&P 500 closed at a new record high and fully recovered its losses from the sell-off caused by the coronavirus pandemic.
KEY FACTS
- The Dow Jones Industrial Average was up 0.4%, over 100 points, on Wednesday morning, while the S&P 500 rose 0.1% and the tech-heavy Nasdaq Composite was flat.
- Retailers continued to report strong second quarter earnings: Shares of Target jumped 8% after the company easily beat expectations, with profits jumping 80% and digital sales rising by almost 200%.
