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Blowout earnings from Apple send Nasdaq higher in early trading; Boeing, Corning rise
NEW YORK (AP) ' Another record quarter for Apple is sending the Nasdaq composite index sharply higher at the opening of trading.
The Dow Jones industrial average and the Standard & Poor's 500 index also rose as other big corporate names like Boeing and Corning turned in strong earnings results of their own Wednesday.
The technology-focused Nasdaq jumped 53 points, or 1.8 percent, to 3,015 shortly after the opening bell. Apple soared 9 percent to $610 a share.
The Dow rose 71 points to 13,071, about half a percent. The S&P 500 rose 15 points, about one percent, to 1,387.
European markets also rose. France's CAC-40 was up 2.3 percent and Germany's DAX was up 1.7 percent. The dollar and U.S. Treasury prices fell as investors moved money out of safe assets.