NEW YORK, July 25 (Xinhua) -- U.S. stocks opened higher on Wednesday amid stimulus hopes and earnings.

On the earnings front, Apple posted its earning report after the closing bell on Tuesday, missing estimates.

Boeing reported its second quarter report on Wednesday. The company earned 1.27 dollars per share in the second quarter. Its revenue hit 20 billion dollars, rising 21 percent year on year.

Caterpillar also posted its report on Wednesday. It earned 2.54 dollars per share in the second quarter and its revenue hit 17.4 billion dollars, beating estimates.

Meanwhile, more investors now were expecting that the Federal Reserve would roll out more stimulus measures in the near future, given the weak market and economy.

Shortly after the opening bell, the Dow Jones industrial average gained 95.17 points, or 0.75 percent, to 12,712.49. The Standard & Poor's 500 was up 4 points, or 0.31 percent, to 1,342.32. The Nasdaq Composite Index rose 1.1 points, or 0.05 percent, to 2,864.89. Enditem

Go to Forum >>0 Comment(s)