U.S. stocks open slightly higher as earnings season continues

U.S. stocks open slightly higher as earnings season continues

NEW YORK, April 29 (Xinhua) — U.S. stocks opened slightly higher on Monday as Wall Street continues to expect a batch of corporate earnings this week.

Shortly after the opening bell, the Dow Jones Industrial Average rose 9.58 points, or 0.04 percent, to 26,552.91. The S&P 500 was up 1.47 points, or 0.05 percent, to 2,941.35. The Nasdaq Composite Index increased 6.48 points, or 0.08 percent, to 8,152.88.

Of the 11 primary S&P 500 sectors, financials climbed 0.8 percent shortly after the opening, outperforming the rest. Materials and energy, however, struggled.

About 150 S&P 500 companies are scheduled to release their quarterly results this week, including Apple and Qualcomm.

Of the S&P 500 that have reported quarterly results so far, 77.5 percent have topped analyst expectations, according to data from FactSet.

U.S. equities finished the week ending April 26 on a roughly decent note, with both the S&P 500 and the Nasdaq up more than 1 percent, while the Dow suffered a modest loss of 0.06 percent.

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