US stocks rise with focus on corporate earnings

US stock indices opened higher on Wednesday, as investors focused on the quarterly business results for the first quarter.

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

This comes amid anticipation of the results of major companies, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

Efforts to contain the Covid-19 pandemic are continuing by distributing millions of vaccines.

As for stocks, Dow Jones rose 0.4% or 173 points to 33,956 as of 14:09 GMT, Nasdaq rose 0.1% or 13 points to 13,799, and S&P 500 rose 0.2% or 10 points to 4,145.