ADVERTISEMENT
News » Money
Jul 24, 9:44 AM EDT

US stock market inches higher at open after Facebook, Ford and others report quarterly results

Business Video

Latest Market News
How the Dow Jones industrial average and other major indexes fared on Thursday

Stocks fall as results at Amazon, Visa raise worries about consumers; Dow ends below 17,000

Visa, Amazon, Qlik Technologies, WellCare, and Informatica are big market movers

Tesla posts bigger 2Q loss as it invests in Model X and prepares Nevada factory site

LinkedIn posts 2Q loss but stock soars after stronger-than-expected results

Kellogg's cereal unit struggles continue as Special K falls out of favor

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings.

The Dow Jones industrial average rose two points, or 0.02 percent, to 17,089 as of 9:35 a.m. Eastern time Thursday. The Standard & Poor's 500 index also added two points, or 0.1 percent, to 1,988. The Nasdaq advanced 10 points, or 0.2 percent, to 4,484.

Facebook rose 7.4 percent after beating expectations for earnings. The world's largest social media company said late Wednesday that it earned $788 million in the April-June period.

Ford's stock advanced 1.5 percent. It reported second-quarter earnings early Thursday that climbed 6 percent on gains in Europe.

The Labor Department said weekly applications for unemployment aid dropped to a seasonally adjusted 284,000. That's the lowest reading since February 2006.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

 
ADVERTISEMENT