Stock Market Today: Rally Looks to Continue and All Eyes on Meta

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Facebook, Instagram and WhatsApp parent Meta Platforms is the first of the Big Tech companies to report earnings this week.

The S&P 500 and Nasdaq Composite indexes opened higher Wednesday for the third day in a row, suggesting that the market rally may continue. The Dow Jones Industrial Average ticked lower.On Tuesday, all three major U.S. indexes closed higher, with the Dow Jones rising 0.7 percent, the S&P 500 up 1.2 percent and the tech-dominated Nasdaq gaining 1.6 percent.Tesla shares shot up more than 10 percent as trading kicked off.

Boeing stock was up more than 2 percent after the aircraft manufacturer reported better-than-expected results before the bell. It has been a rocky few months for the company, following a midair incident in an Alaska Airlines plane, whistleblowers voicing safety concerns, and the CEO announcing he would step down.AT&T shares were also up more than 2 percent early on Wednesday on the back of strong results, which included increased mobility service and consumer broadband revenues.

 

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