NEW YORK: US stocks opened modestly higher Thursday after initial jobless claims showed more signs of improvement in the labor market.
The Dow Jones Industrial Average rose 24.49 points (0.19 percent) to 12,740.95 in the first five minutes of trade.
The broad S&P 500 added 2.75 points (0.21 percent) to 1,326.84, while the tech-heavy Nasdaq points gained 6.88 points (0.24 percent) to 2,855.15.
On Wednesday, the major indices scored moderate gains on data showing global growth in manufacturing and expectations that social-networking giant Facebook would soon announce its long-awaited initial public offering.
After the markets closed, Facebook filed to raise $5 billion in the IPO, which would be the largest flotation in history by an Internet company on Wall Street.
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