News

A higher open for US stocks as Citigroup, Intel and others report earnings gains

NEW YORK, N.Y. – Stocks are opening higher in the U.S. after several big companies reported better earnings.

Citigroup, Intel, Netflix and eBay all rose in early trading Thursday after reporting results that beat analysts’ forecasts.

European markets also rose after Greece’s parliament approved pension reforms, tax increases and other measures demanded by its creditors.

The Dow Jones industrial average was up 62 points, or 0.3 per cent, at 18,107 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index gained 11 points, or 0.5 per cent, to 2,118. The Nasdaq composite climbed 31 points, or 0.6 per cent, to 5,130.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 per cent.