Stocks open broadly higher on Wall Street, adding to gains
NEW YORK (AP) — Stocks are off to a bullish start on Wall Street as traders welcome some good company earnings reports and a solid increase in retail sales last month. Morgan Stanley jumped 7.2% in early trading Thursday after reporting a big jump in earnings in the fourth quarter. Technology companies were also posting gains. Safe-play sectors like real estate lagged the rest of the market. The S&P 500 rose 17 points, or 0.5%, to 3,306. The Dow Jones Industrial Average added 155 points, or 0.5%, to 29,182. The Nasdaq rose 60 points, or 0.7%, to 9,319. Bond prices fell, sending yields higher.
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