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SNAPSHOT Wall Street opens higher on strong Nike earnings

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2022-12-21T14:34:43Z

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermid

Wall Street’s main stock indexes opened higher on Wednesday as Nike brought cheer to markets with its better-than-expected results, while investors awaited more economic data for hints on the path of future interest rate hikes.

The Dow Jones Industrial Average (.DJI) rose 178.35 points, or 0.54%, at the open to 33,028.09. The S&P 500 (.SPX) opened higher by 17.87 points, or 0.47%, at 3,839.49, while the Nasdaq Composite (.IXIC) gained 44.89 points, or 0.43%, to 10,592.00 at the opening bell.