U.S. Stocks Open Higher Amid Oil Rally, Weak Economic Data

By Ellie IsmailidouMarketsMarketWatch Pulse

U.S. stocks opened higher on Thursday, boosted by strong gains in oil prices, after the International Energy Agency said it sees a "dramatic reduction" in the supply glut later this year. But a larger-than-expected rise in weekly jobless claims weighed on risk appetite, as it suggested that the pace of hiring has slowed. The S&P 500 added 7 points, or 0.3%, to 2,071. The Dow Jones Industrial Average rose 60 points, or 0.3%, to 17,767 at the open. Meanwhile, the Nasdaq Composite began the session up 14 points, or 0.3%, at 4,774.

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