NEW YORK: Wall Street stocks were up in early trading Thursday ahead of a barrage of results from technology heavyweights Amazon, Microsoft and Google parent Alphabet.
All three giants rose ahead of their earnings, which will be released after the closing bell. All three companies have at times experienced huge moves after earnings reports.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,456.18, up 0.5 percent.
The broad-based S&P 500 rose 0.3 percent to 2,565.75, while the tech-rich Nasdaq Composite Index added less than 0.1 percent at 6,566.45.
US stocks declined Wednesday, but still stand hear all-time highs.
Among companies that have already reported, Twitter surged 14.2 percent after announcing that it would “likely” show its first net profit in the fourth quarter if growth reaches the high end of its target. The number of US monthly active users grew four percent to 69 million in the third quarter.
American Airlines jumped 3.4 percent after reporting third-quarter earnings that translated into $1.42 per share, two cents above expectations, as the hit from hurricanes and higher fuel costs was not as great as feared.
The European Central Bank, as expected, took the first step towards ending a period of exceptionally easy money, saying it will in January begin reducing its purchases of government and corporate bonds to 30 billion euros ($35 billion) a month, from 60 billion at present.
Source: Brecorder.com
