U.S. stocks open higher with S&P 500 attempting longest winning streak since 2004

U.S. stocks opened modestly higher Thursday, with the S&P 500 attempting its longest stretch of daily gains since 2004 as investors weighed fresh data on jobless claims. The Dow Jones Industrial Average DJIA, +0.04% was up 0.1% soon after the opening bell, while the S&P 500 SPX, +0.14% increased 0.2% and the Nasdaq Composite COMP, +0.16% rose 0.2%, according to FactSet data, at last check.

Initial jobless claims dipped 3,000 to 217,000 in the week ending Nov. 4, according to a report Thursday from the Department of Labor. The economic calendar on Thursday also includes remarks from Federal Reserve Chair Jerome Powell at 2 p.m. Eastern Time. Meanwhile, the S&P 500 was heading for a potential ninth straight day of gains in what would be its longest winning streak since November 2004, according to Dow Jones Market Data.

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