Nasdaq up 0.64% (Il Sole 24 Ore Radiocor) - New York, 24 Apr - US shares opened mainly higher ahead of the latest Big Tech earnings as the market cheered Tesla's pledge to make cheaper cars.

Wall Street ended higher yesterday for a second straight session, lifted by gains in the technology sector.

With geopolitical tension easing, investors are focusing on corporate America to see how businesses are responding to fallout from high interest rates.

Electric vehicle maker Tesla rose 10.6% in early trade after it reported a set of disappointing first quarter results but announced plans to roll out new more affordable models next year.

"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025," it said.

Shares in Boeing were up 4.7% after it unveiled first quarter earnings that were better than expected despite a cash burn of almost 4 billion dollars. AT&T rose 2.9% after topping expectations on earnings and free cash flow.

Meta is due to provide its update after the close and will be followed tomorrow by 'Magnificent Seven' peers Microsoft and Alphabet.

On the data front, durable goods orders for March came in just above estimates but investors are already casting forward to first-quarter GDP and the Fed's preferred inflation gauge, the PCE price index, both out later this week.

Just after the opening bell the Dow Jones was up 15.65 points, or 0.04%, at 38,519.34, the S&P 500 was up 16.75 points, or 0.33%, at 5,034.22 while the Nasdaq was up 101.26 points, or 0.64%, at 15,797.90.

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(RADIOCOR) 24-04-24 15:40:32 (0570) 5 NNNN