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US stocks open higher amid earnings, data

IANS  |  New York 

US stocks opened higher on Thursday as investors digested latest corporate earnings reports and major economic data.

The gained 202.60 points, or 0.84 per cent, to 24,392.05. The rose 15.39 points, or 0.58 per cent, to 2,657.58, reported.

The Index was up 39.33 points, or 0.56 per cent, to 7,108.35.

BlackRock, the world's largest asset manager, reported first-quarter earnings and revenue on Thursday that surpassed expectations.

reported quarterly earnings that beat estimates, despite rising costs. The company's adjusted diluted reached $0.74 and its adjusted operating revenue hit $9.8 billion, up 8 per cent year on year.

On the economic front, new applications for US fell last week, pointing to sustained labor market strength.

In the week ending April 7, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 9,000 from the previous week's unrevised level of 242,000.

The four-week moving average was 230,000, an increase of 1,750 from the previous week's unrevised average of 228,250, the Labor Department reported on Thursday.

--IANS

pgh/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 00:26 IST
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