Stocks Led By Health Open Higher On Wall Street

Stocks are edging higher in early trading on Wall Street Wednesday, Oct. 21, 2021, and health care companies were leading the way for the second day in a row, the Associated Press (AP) reported.

Photo Insert: Abbott Laboratories was listed today.

The S&P 500 was up 0.2% in the early going, while the Dow Jones Industrial Average and the Nasdaq were each up about 0.1%. Abbott Laboratories, Biogen, and Anthem rose after reporting quarterly results that beat analysts’ expectations.

Netflix fell 2.3% after forecasting earnings for its current quarter that were lower than analysts’ estimates. European and Asian markets were mixed, and crude oil prices fell about 1%.

The yield on the 10-year Treasury edged up to 1.64%. Global stock markets were mixed Wednesday after Wall Street advanced on strong corporate earnings and Japanese exports weakened.

London and Shanghai declined while Tokyo and Frankfurt advanced. The future for Wall Street’s benchmark S&P 500 index was off less than 0.1% after five days of gains.

In early trading, the FTSE 100 in London lost less than 0.1% to 7,210.74. The DAX in Frankfurt rose 0.2% to 15,552.62 while the CAC 40 in Paris declined less than 0.1% to 6,667.52.

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