US stocks open higher as tech sector rebounds

US stock indices opened higher on Thursday, after the release of strong data, in addition to the tech sector rebound.

The US unemployment claims fell to 473,000 last week, beating forecasts of 487,000.

The US producer price index rose 0.6% last month, higher than forecasts of a rise by 0.3%.

Data showed yesterday that the US consumer price index rose 0.8% in April, beating forecasts of a rise by 0.2%, and the core reading for the same index (excluding energy and food prices) rose by 0.9% in April, higher than forecasts of 0.3%.

As for stocks, Dow Jones rose 1.3% or 442 points to 34,029 as of 14:19 GMT, Nasdaq rose 1.5% or 192 points to 13,223, and S&P 500 rose 0.7% or 30 points to 4,115.