New York Stock Exchange Opens with Gains as S&P 500 and Nasdaq Rise

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New York Stock Exchange Opens with Gains as S&P 500 and Nasdaq Rise
Photo: Jeff Chiu/AP/TT

New York stock exchange begins today's trading with a rise. S&P 500 increases 0.7 percent and Nasdaq's composite index 0.9 percent.

Among today's winners, the investment bank Morgan Stanley is notable, whose share rose 5.1 percent. This after having crushed the market's expectations. The profit, $2.80 per share, meant the largest margin to the market's expectations in five years and also resulted in a profit increase of 45 percent compared to the previous year.

Also, competitor Bank of America reported better figures than expected and the share rises 4.3 percent, the largest increase since May.

Another winner is the entertainment company Warner Bros Discovery, which rises 3 percent on information in the New York Post about acquisitions. According to the newspaper, Paramount Skydance with CEO David Ellison, son of Oracle's founder Larry Ellison, is on its way to making a bid.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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