[NEW YORK] US stocks opened modestly higher on Tuesday following solid earnings and huge deals announced by major pharmaceutical companies.
Six minutes into trade, the Dow Jones Industrial Average advanced 19.52 (0.12 per cent) to 16,468.77.
The broad-based S&P 500 added 2.88 (0.15 per cent) at 1,874.77, while the tech-rich Nasdaq Composite Index rose 17.94 (0.44 per cent) to 4,139.48.
Strong or solid quarterly reports came from Netflix and Comcast, while McDonald's results came in below expectations.
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