Stocks open slightly higher as investors weigh bank earnings

37535 stocks open slightly higher as investors weigh bank earnings

Stocks were trading with small gains after the opening bell Thursday in the final session of a holiday-shortened week, as investors weighed a raft of earnings from big Wall Street banks. The Dow Jones Industrial Average DJIA, -0.33% rose 181 points, or 0.5%, while the S&P 500 SPX, -1.21% was up 0.2%. The Nasdaq Composite COMP, -2.14% rose fractionally. Big bank shares were mostly higher after reporting earnings ahead of the bell. Goldman Sachs GS, -0.10% shares rose 3.2%, while Citigroup C, +1.56% shares gained 1.7%, and Morgan Stanley MS, +0.75% shares advanced 3.3%. Wells Fargo & Co. WFC, -4.51% shares slumped 5.7%. Twitter Inc. TWTR, -1.68% shares were also in focus, up 4.1%, after Tesla Inc. TSLA, -3.66% chief Elon Musk offered to buy all outstanding shares at $54.20 a share.

Source: Marketwatch

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