Market Opens Higher on Strong Corporate Earnings

Major US stock markets opened higher on Thursday, fueled by impressive corporate earnings reports from tech giants Meta and Microsoft. Investors are now eagerly awaiting results from Amazon and Apple, which could further influence market sentiment.

Recovery from Previous Dip

The positive opening marks a rebound from Wednesday's downturn, which was triggered by disappointing GDP data. Today's rally highlights the market's resilience and the significant impact of corporate earnings on investor confidence.

Key Performers and Currency Update

At 9:30 am ET, the Nasdaq 100 soared 1.52%, while the Dow Jones Industrial Average increased by 0.51%. Microsoft Corporation led the charge with a 10.01% surge. The S&P 500 also saw gains, with Trane Technologies plc advancing 8.45%. Meanwhile, the euro remained stable against the dollar at $1.13240.