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7/31, 3:30 PM (Source: TeleTrader)
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US stocks open higher on earnings, data

Major stock indexes in the United States started the last trading session of the week up as government officials and legislators struggle to reach an agreement on additional coronavirus relief before the unemployment benefits expire. Local media reported that the White House may be ready to exclude legal protections for businesses from the agreement in order to make a deal. Meanwhile, Trump administration agreed to pay $2.1 billion to Sanofi S.A. and GlaxoSmithKline plc for a COVID-19 vaccine.

On data, yesterday's and today's corporate quarterly reports were being examined, alongside the paper on personal consumption in June. Exxon Mobil Corp., Fiat Chrysler Automobiles, Chevron Corp., Merck & Co. Inc. and Colgate-Palmolive Co. were among the latest releases.

The Dow Jones Industrial Average opened 0.36% higher, as Apple Inc. grew 6.18%. The Nasdaq 100 increased 1.59% at the same time, while the S&P 500 jumped 0.75%. Facebook Inc. was the best performer, gaining 7.31% on upbeat earnings.

The euro was 0.19% down against the dollar to change hands for 1.18246 9:29 am ET.

Breaking the News / MD