Wall Street opens broadly higher; Uber soars on forecast


Source: bigrapidsnews.com bigrapidsnews.com

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NEW YORK (AP) — Stocks are opening widely higher on Wall Street, turning around after a loss a day earlier. Several companies were rising after reporting solid earnings or outlooks, including drugmaker Pfizer and Uber, which soared after issuing a strong forecast for bookings. The S&P 500 was up 0.4% early Tuesday. Long-term Treasury yields pulled back a bit more from their multiyear highs. The Federal Reserve is beginning a two-day policy meeting that’s expected to result in its sixth interest rate increase of the year as the central bank fights the worst inflation in four decades. European and Asian...