Dow Jones rises above 35,000 in early trading

US stock indices opened higher on Friday, extending gains, as Dow Jones resumed its climb above 35,000 points.

Data showed today that the US retail sales rose 0.7% in September, while analysts forecast a drop by 0.2%, and the core retail sales reading rose 0.8%, beating forecasts of 0.5%.

The season of the US companies quarterly earnings results continues, as some major banks reported higher profits and revenues than expected in the third quarter, which points out the ongoing economic recovery from the pandemic.

As for stocks, Dow Jones rose 0.7% or 250 points to 35,162 as of 14:29 GMT, and S&P 500 rose 0.5% or 21 points to 4,459, while Nasdaq rose 0.2% or 28 points to 14,851.