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US Stocks Open Higher On Better Jobless Claims, Earnings

28 Oct News | Comments

U.S. stocks opened higher Thursday, propelled by encouraging weekly jobless claims data and a plethora of corporate earnings reports. The Dow Jones Industrial Average gained 43 points, or 0.4%, to 11170, fueled by Exxon Mobil, which was one of the biggest gainers in the blue-chip index. The oil giant’s third-quarter earnings rose a bigger-than-expected 55% as it benefited from stronger commodities prices and refining margins in the first full quarter that included its June acquisition of natural-gas producer XTO Energy.

 

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