Stocks Inch Higher as Market Digests Latest Round of Earnings
Stocks opened a tick higher Thursday morning, supported by the bond market, even as a raft of earning reports failed to impress. Amazon will be the next key test.
The Dow rose 62 points at the open, or 0.1%. The S&P 500 and the Nasdaq Composite were up 0.2% each.
Moves are getting influenced by companies like Ford that offered a lackluster outlook for the year. Ford expects at the most $8.5 billion in 2025 operating profit. Wall Street projected about $9.3 billion. Honeywell’s earnings guidance was below projections, while Qualcomm said its licensing revenue would be below expectations.
