US Stock Market rises on robust bank earnings. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite erased previous day's losses and opened higher on Wednesday after strong earnings boosted investor sentiment and soothed trade-war jitters.

Tech-heavy Nasdaq Composite opened nearly 1% or 208.59 points higher at 22,730.30, while the wider index S&P 500 opened 0.7% or 46.83 points up at 6,691.14. Dow Jones opened 0.41% or 191.5 points higher at 46,461.96.

As of 7:45 p.m., S&P 500 was trading 1.13% higher, while Dow and Nasdaq traded 0.75% and 1.34% higher.

Shares of Bank of America Corp. jumped more than 4% after the company reported robust third quarter earnings, beating estimates. "Markets ar

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