S&P 500, Nasdaq open higher on Apple boost, stimulus optimism

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

(Reuters) – The S&P 500 and the Nasdaq opened higher on Tuesday, propped up by Apple on an exclusive report that it was planning car and battery production, as well as the approval of a coronavirus stimulus package.

The Dow Jones Industrial Average fell 16.25 points, or 0.05%, at the open to 30,200.20. The S&P 500 opened higher by 3.16 points, or 0.09%, at 3,698.08, while the Nasdaq Composite gained 42.70 points, or 0.34%, to 12,785.22 at the opening bell.

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