Stocks Opened Higher on Earnings Optimism
- Thursday, April 12, 2018, 10:06
- Stock Market
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U.S. stocks opened higehr on Thursday, as investors were optimisitic about coming corporate earnings. The Dow Jones Industrial Average lately rose 301.15 points, or 1.24%, to 24,490.60. The S&P 500 gained 26.65 points, or 1.01%, to 2,668.84. The Nasdaq Composite added 76.51 points, or 1.08%, to 7,145.54.
Oil futures wavered Thursday, holding near three-year highs as investors kept a nervous watch on Middle Eastern events. June Brent crude inched lower by 9 cents, or 0.1%, to $71.97 a barrel. May West Texas Intermediate crude was up 7 cents, or 0.1%, to $66.88 a barrel.
BlackRock Inc, the world’s largest asset manager, on Thursday reported a 26.8 percent rise in first-quarter profit, helped by lower tax rate and higher advisory fees. Its net income rose to $1.09 billion, or $6.68 per share, in the quarter ended March 31 from $859 million, or $5.21 per share, a year earlier.
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