Wall Street opens higher on earnings cheer

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Wall Street‘s main indexes opened higher on Thursday, led by gains in Caterpillar, Merck and Ford after upbeat quarterly earnings, shrugging off data that showed U.S. economic growth slowed sharply in the third quarter.

The Dow Jones Industrial Average rose 54.72 points, or 0.15 per cent, at the open to 35,545.41.

The S&P 500 opened higher by 11.16 points, or 0.25 per cent, at 4,562.84, while the Nasdaq Composite gained 68.90 points, or 0.45 per cent, to 15,304.74 at the opening bell.

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