NEW YORK, N.Y. - Stocks are opening higher following strong earnings results from big U.S. companies.
Time Warner soared 15 per cent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant.
Intel jumped 5 per cent after reporting a surge in earnings as companies spent more on replacing PCs.
Investors are keeping an eye on Federal Reserve Chair Janet Yellen, who is testifying to Congress for a second day.
The Dow Jones industrial average rose 65 points, or 0.4 per cent, to 17,125 in the first few minutes of trading Wednesday.
The Standard & Poor's 500 index rose nine points, or 0.5 per cent, to 1,982. The Nasdaq rose 29 points, or 0.7 per cent, to 4,445.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 per cent.
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