1/13/2022, 3:30 PM (Source: TeleTrader)
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US opens higher as earnings season begins

Shares on the major stock market indexes in the United States traded with gains as the session started on Thursday, with the traders bracing for another corporate-earnings-heavy period. Delta was one of the first companies to come out with a quarterly financial report, signaling that airlines are still doing significantly worse compared to pre-pandemic times.

On the data front, initial jobless claims in the US reached 230,000 after a weekly increase of 23,000.

The Dow Jones Industrial Average jumped 0.38%, or 133 points, at the open, as Boeing added 1.62% a minute later. The Nasdaq 100 increased by 0.42% at the same time, after a three-day streak of gains, with ASML Holding soaring 4.25% a minute into the session. The S&P 500 concurrently advanced by 0.27% with Lam Research surging 5.15%.

The euro moved 0.2% up compared to the dollar at 9:29 am ET, selling for 1.14716, the highest it has been versus the greenback since November.

Baha Breaking News (BBN) / BU