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Wall Street Opens Higher as Earnings Bolster Confidence; Dow By


© Reuters.

Geoffrey Smith — U.S. Stock Markets opened higher on Tuesday due to signs that American companies continue to make money, in spite of much-publicized problems such as supply chain disruptions or higher input costs. 

By 9:35 AM ET (1335 GMT),. The index was at 35,358 point, up 100 points or 0.3%. Also, the index was up 0.3% while the index was up 0.2%.

The signs of slowdown in the U.S. housing markets, which have been hot for 18 months, had to be ignored earlier. They fell more than anticipated to their lowest level in 11 months while still falling short of expectations.

Johnson & Johnson (NYSE:) stock was one that benefited from dispelling doubt about its outlook, rising 1.1% after the company raised its guidance for the year a little and upheld its forecasts for sales of its Covid-19 vaccine, which was dogged by various problems in the time around its authorization from regulators. 

One stock that made notable gains during early trading was Coinbase Global (NASDAQ) rose 4.2% following the announcement of a contract to offer custody services for Facebook’s (NASDAQ:). Coinbase stock also benefited from the continuing rally in crypto currencies as U.S.’s initial exchange-traded fund to futures began trading.


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