U.S. stocks open higher after fresh economic data, with gains led by tech-heavy Nasdaq

U.S. stocks opened higher Thursday, with gains led by the technology-heavy Nasdaq Composite, as investors weighed a drop in initial jobless claims and data showing the economy grew in the fourth quarter. The Dow Jones Industrial Average was up 0.3% soon after the opening bell, while the S&P 500 rose 0.7% and the Nasdaq Composite gained 1.

3%, according to FactSet data, at last check. Initial jobless claims fell in the week ended Jan. 21, according to a report Thursday from the Department of Labor. Meanwhile, the Bureau of Economic Analysis said Thursday that it estimated real gross domestic product increased at an annual pace of 2.9% in the fourth quarter, slowing from a 3.2% rise in the third quarter.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq set to lead market lower after Microsoft forecasts softer demandU.S. stocks were on course for a weak open after a warning on demand for its cloud services by Microsoft hit sentiment.
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall St falls as Microsoft outlook dents tech stocks, earnings disappointWall Street's main indexes dropped on Wednesday, with the Nasdaq down 1.2%.
Source: Reuters - 🏆 2. / 97 Read more »

Weekends Only furniture stores going out of business, liquidation to begin ThursdayThe furniture retailer has two stores in the Indianapolis area, one in Castleton and one in Greenwood.
Source: indystar - 🏆 434. / 53 Read more »