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US stocks rise on earnings, $19bn SanDisk deal

Oct 21 2015 16:07

New York - US stocks opened higher on Wednesday, propelled by solid earnings from Boeing and a $19bn acquisition of computer storage company SanDisk by Western Digital.

Five minutes into trade, the Dow Jones Industrial Average stood at 17 268.45, up 51.34 points.

The broad-based S&P 500 advanced 0.24% to 2 035.60, while the tech-rich Nasdaq Composite Index rose 0.36% to 4 898.69.

Dow member Boeing rose 1.6% after reporting that third-quarter net income jumped 25.1% to $1.7bn.

Global computer disk drive leader Western Digital announced it will pay $19bn for flash memory specialist SanDisk. SanDisk rose 3.6%, while Western Digital fell 0.5%.

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equities  |  wall street  |  markets

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