S&P 500, Nasdaq open higher as Apple, Amazon forecasts lift mood

The S&P 500 and the Nasdaq opened higher on Friday after upbeat forecasts from Apple and Amazon helped calm nerves, a day after the indexes suffered their sharpest drop in more than three weeks.

The Dow Jones Industrial Average rose 64.86 points, or 0.13 percent, to 47,586.98, the S&P 500 gained 50.31 points, or 0.74 percent, to 6,872.65 and the Nasdaq Composite gained 356.45 points, or 1.51 percent, to 23,932.36.

REUTERS