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Stocks rise sharply in early trading

Stocks rise sharply in early trading

Stocks are sharply higher in the opening moments of trading as investors welcome better-than-expected earnings and new data on unemployment.
Investors followed overseas markets, which also rose because of upbeat second-quarter profit reports.
New data on jobless claims showed the number of Americans continuing to collect unemployment benefits unexpectedly fell last week to 6.2 million.
Looking to restart a two-week rally, investors searched through earnings Thursday, looking for insight into potential recovery in the economy.
The Dow Jones industrial average is up 71.04, or 0.8 percent, at 9,141.76. The Standard & Poor's 500 index is up 9.47, or 1 percent, at 984.62, while Nasdaq composite index is up 17.20, or 0.9 percent, at 1,984.96.


Updated : 2021-10-28 13:41 GMT+08:00