Investing.com – U.S. stocks were up after the open on Thursday, as investor confidence was lifted by upbeat corporate earnings reports and better-than-expected data on U.S. jobless claims.
During early U.S. trade, the Dow Jones Industrial Average gained 0.34%; the S&P 500 index rose 0.47%, while the Nasdaq Composite index was up 0.21%.
In earnings news, shares in the world’s largest casino company Las Vegas Sands soared 9.60% after the company reported a third-quarter profit, after net income rose to USD 168 million. The casino operator said that third-quarter revenue surged 67% to USD 1.91 billion, up from USD 1.14 billion from a year-earlier.
Elsewhere within the sector, rivals Wynn Resorts jumped 2.17% while MGM Resorts surged 1.83%.
Meanwhile, shares in Eastman Kodak climbed 12.09% after the camera maker said its third-quarter net loss narrowed to USD 43 million, down from a loss of USD 111 million from a year-earlier. The company said sales in the quarter rose to USD 1.76 billion, beating analyst expectations of USD 1.61 billion.
Shares in the world’s largest oil and gas company Exxon-Mobil gained 1.46% after it reported higher-than-expected third-quarter earnings. The company said net income in the quarter rose by 55% to USD 7.35 billion, up from USD 4.73 billion a year-earlier, while third-quarter revenue rose to USD 95.3 billion, up from USD 82.3 billion from a year-earlier.
But shares in global cosmetic company Avon Products tumbled 9.04% after the company said its third-quarter net profit rose less-than-expected, citing higher advertising costs and lower revenue from emerging markets.
Meanwhile, across the Atlantic, European stock markets posted sharp gains: France’s CAC 40 climbed 1.01%; Germany's DAX gained 0.93%; Britain's FTSE 100 jumped 1.02%; and the EURO STOXX 50 surged 1.06%.
Earlier in the day, official U.S. data showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly, falling to the lowest level since July.
During early U.S. trade, the Dow Jones Industrial Average gained 0.34%; the S&P 500 index rose 0.47%, while the Nasdaq Composite index was up 0.21%.
In earnings news, shares in the world’s largest casino company Las Vegas Sands soared 9.60% after the company reported a third-quarter profit, after net income rose to USD 168 million. The casino operator said that third-quarter revenue surged 67% to USD 1.91 billion, up from USD 1.14 billion from a year-earlier.
Elsewhere within the sector, rivals Wynn Resorts jumped 2.17% while MGM Resorts surged 1.83%.
Meanwhile, shares in Eastman Kodak climbed 12.09% after the camera maker said its third-quarter net loss narrowed to USD 43 million, down from a loss of USD 111 million from a year-earlier. The company said sales in the quarter rose to USD 1.76 billion, beating analyst expectations of USD 1.61 billion.
Shares in the world’s largest oil and gas company Exxon-Mobil gained 1.46% after it reported higher-than-expected third-quarter earnings. The company said net income in the quarter rose by 55% to USD 7.35 billion, up from USD 4.73 billion a year-earlier, while third-quarter revenue rose to USD 95.3 billion, up from USD 82.3 billion from a year-earlier.
But shares in global cosmetic company Avon Products tumbled 9.04% after the company said its third-quarter net profit rose less-than-expected, citing higher advertising costs and lower revenue from emerging markets.
Meanwhile, across the Atlantic, European stock markets posted sharp gains: France’s CAC 40 climbed 1.01%; Germany's DAX gained 0.93%; Britain's FTSE 100 jumped 1.02%; and the EURO STOXX 50 surged 1.06%.
Earlier in the day, official U.S. data showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly, falling to the lowest level since July.