Wall Street rises as investors weigh earnings and Fed meeting

Wall Street shares were higher shortly after trading opened on Tuesday, as investors weighed a stream of results from major companies and the start of the Federal Reserve’s two-day interest-rate meeting.

The Dow Jones Industrial Average was up 0.2% at 52,468 points, the S&P 500 had gained 0.3% to 7,702, and the Nasdaq was 0.5% higher at 26,299, according to ANP’s market report. The figures were taken shortly after the opening bell.

Investors broadly expect the Fed to leave interest rates unchanged on Wednesday, following September’s increase. They are also weighing the possibility of another rise in borrowing costs in December as the central bank seeks to curb persistent inflation.

Among the companies reporting results, UPS rose 1.2% after quarterly revenue and profit beat expectations, and the parcel carrier raised its outlook for this year. Coca-Cola slipped 0.2% despite better-than-expected quarterly performance and a more positive forecast for 2026.

Boeing fell 1.3%. Its quarterly loss narrowed sharply, but remained larger than investors had expected, while revenue growth was stronger than forecast. PayPal gained 0.2% after raising its full-year profit outlook; Whirlpool dropped 2.2% after reporting an unexpected quarterly loss and cutting its annual revenue forecast.

General Motors rose 4.3% after saying it plans to move its stock listing from the New York Stock Exchange to Nasdaq on 17 November. The company said the move would help position it as a technology business focused on autonomous driving and electric vehicles.

The gains followed a rise of up to 0.8% on Wall Street on Monday, led by chipmakers. Nvidia gained 1.1% on Tuesday after saying it would invest $3bn in Meta, whose parent company raised its planned share offering to $97.5bn to fund AI investment. Meta shares fell 1%.