US stocks open higher on upbeat earnings results
2008-07-17 13:44:27 GMT 2008-07-17 21:44:27 (Beijing Time) SINA.com
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NEW YORK - Stocks are opening higher after stronger-than-expected quarterly results from names like Coca-Cola Co., JPMorgan Chase & Co. and United Technologies Corp. gave investors some reassurance about the health of the economy.
The advance comes a day after falling oil prices and surprising bank results swept Wall Street to a huge rally. Oil is falling again, helping to boost sentiment.
The Dow Jones industrial average is up 85 points at the 11,323 level.
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