Nasdaq surges at open after strong Amazon, Microsoft earnings

Trader Peter Tuchman is pictured working on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan McDermid

(Reuters) – The tech-heavy Nasdaq opened 1 percent higher on Friday after stellar results from Amazon, Microsoft and Intel, while a 3 percent drop in Exxon weighed on the Dow and S&P.

The Dow Jones Industrial Average rose 19.80 points, or 0.08 percent, at the open to 24,342.14. The S&P 500 opened higher by 8.53 points, or 0.32 percent, at 2,675.47. The Nasdaq Composite gained 76.84 points, or 1.08 percent, to 7,195.52 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

Leave a Reply