US stocks open higher, supported by strong earnings reports By Reuters

US stocks open higher, supported by strong earnings reports By Reuters
US stocks open higher, supported by strong earnings reports By Reuters
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© Reuters. Traders at the New York Stock Exchange on Wednesday. Photograph: Reuters.

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(Reuters) – Major US stock indexes opened higher on Thursday, boosted by gains in Caterpillar (NYSE:) and Merck and Ford shares, after strong quarterly earnings data, ignoring data that revealed the US economy slowed sharply in the third quarter.

The industrial index rose 54.72 points, or 0.15 percent, at the open to 3,5545.41 points.

The Standard & Poor’s 500 index rose 11.16 points, or 0.25 percent, to 4,562.84 points.

The Nasdaq Composite Index rose 68.90 points, or 0.45 percent, to 15,304.74.

(Prepared by Marwa Salam for the Arab Newsletter – Editing by Mustafa Saleh)

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stocks open higher supported strong earnings reports Reuters

 
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