US stocks open higher as Citi, others report strong earnings

AP News
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Posted: Jul 16, 2015 9:40 AM
US stocks open higher as Citi, others report strong earnings

NEW YORK (AP) — Stocks are opening higher in the U.S. after several big companies reported better earnings.

Citigroup, Intel, Netflix and eBay all rose in early trading Thursday after reporting results that beat analysts' forecasts.

European markets also rose after Greece's parliament approved pension reforms, tax increases and other measures demanded by its creditors.

The Dow Jones industrial average was up 62 points, or 0.3 percent, at 18,107 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index gained 11 points, or 0.5 percent, to 2,118. The Nasdaq composite climbed 31 points, or 0.6 percent, to 5,130.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 percent.