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U.S. stocks open higher amid corporate earnings

Xinhua, January 24, 2017 Adjust font size:

U.S. stocks opened mildly higher on Tuesday, as investors pondered over newly-released corporate earnings reports.

Johnson & Johnson posted 2016 fourth-quarter results before the opening bell. The company's quarterly adjusted earnings per share were 1.58 U.S. dollars, an increase of 9.7 percent, beating market estimates, but its revenues fell short of forecasts.

DuPont announced fourth-quarter GAAP earnings of 29 cents per share and operating earnings of 51 cents per share, topping Wall Street expectations.

Shares of Verizon dropped over 3 percent early Tuesday after the tech giant posted worse-than-expected quarterly earnings.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the fourth quarter of 2016 are expected to rise 6.6 percent year on year, while the revenues are forecast to increase 4.1 percent.

Shortly after the opening bell, the Dow Jones Industrial Average ticked up 14.33 points, or 0.07 percent, to 19,814.18. The S&P 500 rose 4.16 points, or 0.18 percent, to 2,269.36. The Nasdaq Composite Index gained 19.65 points, or 0.35 percent, to 5,572.59.

U.S. stocks ended mildly lower on Monday, as investors continued to digest U.S. President Donald Trump's inauguration speech. Endi