Stocks – Wall Street Rallies as Investors Look to Earnings

© Reuters. Wall Street opened higher on Thursday. – Wall Street rose as investors pushed back trade concerns and looked ahead to earnings results.

The gained 9 points, or 0.33%, to 2,783.10 as of 9:46 AM ET (13:46 GMT), while the increased 139 points, or 0.56%, to 24,839.64 and the tech-heavy was up 35 points, or 0.46%, to 7,751.87.

Delta rose 1.32% after its second-quarter earnings came in higher than expected. Earnings season kicks into high gear Friday, when big Wall Street banks are expected to release financial results.

Apple (NASDAQ:) was among the top gainers in pre-market trading, rising 1.11%, while Twitter (NYSE:) gained 3.34% amid news that it was purging locked accounts. Meanwhile, Boeing (NYSE:) increased 1.11%, while Starbucks (NASDAQ:) rose 0.79%.

Elsewhere, General Electric (NYSE:) inched down 0.04%, while Broadcom (NASDAQ:) slumped 17.63% after it announced it was buying software maker CA (NASDAQ:) in an $18.9 billion deal.

On the data front, fell to a nine-week low of 214,000, while the rate rose to 2.9% in June. Both data points supported the argument for a faster pace of monetary tightening by the Federal Reserve.

In Europe, stocks were up. Germany’s rose 15 points, or 0.12%, while in France the increased 31 points, or 0.58%, and in London, the was up 45 points, or 0.60%. Meanwhile, the pan-European gained five points, or 0.15%, while Spain’s inched up three points, or 0.03%.

In commodities, rose 0.15% to $1,246.30 a troy ounce, while futures decreased 0.38% to $70.11 a barrel. The , which measures the greenback against a basket of six major currencies, was up 0.04% to 94.52.

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