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4/27/2018, 3:33 PM (Source: TeleTrader)
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Wall Street opens higher on GDP rise, strong earnings

Markets in the United States opened higher on Friday, following an advanced estimate of real gross domestic product (GDP) rise of 2.3% in the first quarter of 2018. After markets closed yesterday, big tech reported strong earnings releases, with Amazon leading the way, posting a jump of 43% in revenue year-over -year. Microsoft, Intel and Baidu followed, reporting higher-than-expected earnings results.

The Dow Jones Industrial Average was flat at the opening bell. Microsoft and Intel led the gains, rising 2.39% and 1.80%, respectively.

Meanwhile, the S&P 500 was 0.30% in the green, with SVB Financial Group soaring 17%, following earnings report.

Nasdaq 100 gained 1.39% in the first few minutes of trading, as Amazon.com, Inc. hit an all time high at the opening bell. Expedia Group, Inc. had a strong start as well, climbing almost 9%.

The euro lost 0.15% against the US dollar, to go for 1.2082 at 3:58 pm CET.

Breaking the News / BM