US stocks higher as earnings season begins

By Ovunc Kutlu

ANKARA (AA) - US stock market opened flat on Wednesday as American companies began to announce quarterly financial results.

The Dow was up 60 points to 33,738 with Goldman Sachs rising 2.5% after it said its net income soared 466% to $6.8 billion in the first three months of 2021.

The S&P 500 added 3 to a record 4,144 at 9.40 a.m. EDT (1340GMT) despite Tesla falling 1.7%.

Nasdaq rose 4 points to 14,000 with GameStop jumping 6%, while Moderna and Novavax added 3% and 4.3%, respectively.

The VIX volatility index fell to the 15.38 level earlier. The fear index is now at its lowest point since late February 2020.

After surpassing the $60,000 resistance on Tuesday, Bitcoin was around $63,800.

American cryptocurrency exchange platform, Coinbase, will have its initial public offering (IPO) on Wednesday on the New York Stock Exchange.

A successful IPO may increase capitalization in cryptocurrency markets, which is more than $2.1 trillion, and push crypto prices higher.