Dow opens higher on upbeat corporate earnings\, stimulus hopes

US stocks opened higher on Tuesday following a slate of positive earnings reports from companies including IBM and Coca-Cola and on hopes of domestic stimulus to prop up an economy reeling from the COVID-19 pandemic.

The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.

The Nasdaq Composite gained 70.79 points, or 0.66%, to a record high of 10,837.88 at the opening bell.