The S&P 500 and Nasdaq opened higher on Tuesday (April 18) as an upbeat quarterly report from Bank of America boosted optimism about the earnings season amid concerns about a looming recession.

The Dow Jones Industrial Average fell 22.02 points, or 0.06 percent, at the open to 33,965.16.

The S&P 500 opened higher by 12.94 points, or 0.31 percent, at 4,164.26, while the Nasdaq Composite gained 76.83 points, or 0.63 percent, to 12,234.56 at the opening bell.