US open: Stocks move higher after latest GDP, jobs numbers

(Sharecast News) - Stocks on Wall Street continued to climb with investor sentiment boosted by a batch of better-than-expected economic reports. News that the European Central Bank had mimicked the Federal Reserve by also shifting to a 'data-dependent' mode also helped.

As at 1750 BST, the Dow Jones Industrials was adding 0.31% to 35,629.80, alongside a 0.66% rise for the S&P 500 to 4,597.19.

But it was the Nasdaq Composite that was again stealing the show, climbing 1.18% to 14,294.15.

West Texas Intermediate crude oil futures meanwhile were climbing 1.6% to $80.36 a barrel on the NYMEX.

According to the Department of Commerce, U.S. gross domestic product expanded at an annualised pace of 2.4% over the three months to June, feeding talk of a so-called 'soft landing' for the economy.

Similarly, durable goods orders for June were reported at up by 4.7% month-on-month (consensus: 1.0%).

The lion's share of the beat was the result of bumper orders for jet-maker Boeing, but excluding transportation orders did rise by 0.6% (consensus: 0.0%).

Weekly jobless claims also surprised to the downside again, slipping by 7,000 to 221,000 (consensus: 235,000).

Meta stock was jumping 6 on the back of its quarterly results.

E-Bay shares were down 9 alongside before the opening bell after the online retailer delivered a soft outlook overnight.

Southwest Airlines was down 9 after reporting that earnings had not returned to their pre-pandemic levels.

Chip-making giant Intel was due to report results after the close of Thursday's session.

Dow Jones - Risers

McDonald's Corp. (MCD) $298.27 2.23% Dow Chemical Co. (DOW) $54.85 2.15% Salesforce.Com Inc. (CRM) $229.65 1.80% Boeing Co. (BA) $236.49 1.59% Intel Corp. (INTC) $34.90 1.56% International Business Machines Corporation (CDI) (IBM) $143.10 1.44% Walgreens Boots Alliance, Inc. (WBA) $31.24 1.26% Amgen Inc. (AMGN) $238.15 1.25% Cisco Systems Inc. (CSCO) $53.77 1.03% Caterpillar Inc. (CAT) $260.77 0.95%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $33.90 -1.30% Visa Inc. (V) $234.23 -1.21% American Express Co. (AXP) $165.94 -1.08% Merck & Co. Inc. (MRK) $106.23 -0.85% Coca-Cola Co. (KO) $62.68 -0.59% Procter & Gamble Co. (PG) $153.20 -0.48% Microsoft Corp. (MSFT) $336.30 -0.44% Unitedhealth Group Inc. (UNH) $506.78 -0.24% Dowdupont Inc. (DWDP) $0.00 0.00% JP Morgan Chase & Co. (JPM) $157.78 0.01%

S&P 500 - Risers

Align Technology Inc. (ALGN) $394.05 15.95% Textron Inc. (TXT) $76.52 11.88% Lam Research Corp. (LRCX) $713.90 11.14% Royal Caribbean Cr (RCL) $110.85 9.88% Bread Financial Holdings, Inc. (BFH) $39.55 8.68% Seagate Technology Plc (STX) $62.87 8.45% KLA-Tencor Corp. (KLAC) $493.95 7.88% Western Digital Corp. (WDC) $41.87 7.69% Applied Materials Inc. (AMAT) $149.61 7.62% Micron Technology Inc. (MU) $72.01 6.88%

S&P 500 - Fallers

eBay Inc. (EBAY) $44.51 -8.79% Southwest Airlines Co. (LUV) $33.14 -8.60% Chipotle Mexican Grill Inc. (CMG) $1,909.50 -8.54% Willis Towers Watson Public Limited Company (WTW) $213.99 -8.13% Edwards Lifesciences Corp. (EW) $84.46 -7.82% L3Harris Technologies Inc. (LHX) $186.79 -7.79% S&P Global Inc Com (SPGI) $398.17 -7.06% Rollins Inc. (ROL) $41.71 -6.90% FMC Technologies Inc. (FTI) $17.62 -6.03% CBRE Group Inc (CBRE) $84.06 -4.87%

Nasdaq 100 - Risers

Align Technology Inc. (ALGN) $394.05 15.95% Lam Research Corp. (LRCX) $713.90 11.14% Seagate Technology Plc (STX) $62.87 8.45% KLA-Tencor Corp. (KLAC) $493.95 7.88% Western Digital Corp. (WDC) $41.87 7.69% Applied Materials Inc. (AMAT) $149.61 7.62% Micron Technology Inc. (MU) $72.01 6.88% Comcast Corp. (CMCSA) $45.60 6.28% Meta Platforms Inc. (META) $317.21 6.24% Asml Holdings N.V. (ASML) $719.07 5.08%

Nasdaq 100 - Fallers

eBay Inc. (EBAY) $44.51 -8.79% O'Reilly Automotive Inc. (ORLY) $933.37 -3.34% Vodafone Group Plc ADS (VOD) $9.82 -2.09% Verisk Analytics Inc. (VRSK) $233.26 -1.58% Dish Network Corp. (DISH) $7.12 -1.39% Sirius XM Holdings Inc (SIRI) $4.82 -1.33% Cintas Corp. (CTAS) $510.31 -1.20% Fastenal Co. (FAST) $57.85 -1.15% Intuitive Surgical Inc. (ISRG) $326.13 -0.98% JD.com, Inc. (JD) $38.76 -0.95%