6/24, 3:30 PM (Source: TeleTrader)
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US opens higher after data, S&P at record-high

Major stock markets in the United States opened higher on Thursday after the country's first-quarter gross domestic product (GDP) and May durable goods saw a rise, while the previous week's initial jobless claims observed a drop. Earlier, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer stated they are "very excited about the prospect of a bipartisan agreement" on President Joe Biden's infrastructure bill.

The Dow Jones Industrial Average opened 0.55% higher as Caterpillar Inc. grew by 1.07%. The Nasdaq 100 increased by 0.62%, with Tesla Inc. expanding by 2.69%. The S&P 500 went up by 0.56%, its new record-high, as Eli Lilly and Co. surged by 8.84%.

The euro gained 0.14% against the dollar at 9:27 am ET, selling for $1.19428.

Breaking the News / JR