US stocks open higher after strong earnings results

2021-04-29 15:03:42 GMT (Economies.com)
US stocks open higher after strong earnings results

Most US stock rose on Thursday, following the release of upbeat economic data and Q1 corporates earnings.

 

Apple and Facebook reported yesterday better-than-expected profits and revenues in their earnings results for the first quarter of 2021.

 

The first reading of the US GDP for the first quarter showed a growth of 6.4% beating forecasts of 6.8%, after a growth of 4.3% in the fourth quarter of 2021.

 

The US Department of Labor revealed that the number of initial unemployment claims was at 553K last week, while analysts forecast 545K.

 

As for stocks, Dow Jones rose 0.2% or 83 points to 33,903 as of 14:12 GMT, Nasdaq rose 0.3% or 48 points to 14,098, and S&P 500 rose 0.5% or 22 points to 4,205.

 
 
 
  Symbol Last Change Chg.%
1.2080
-0.0093
0.7619%
1.4035
-0.0101
0.7131%
Tadawul
10322.68
86.96
0.85%
26.986
-0.819
2.944%
64.670
-0.722
1.104%
67.79
-1.53
2.21%
1816.820
-27.405
1.486%
 
 
US
 
Europe
 
Asia