U.S. benchmark stocks opened modestly higher on Thursday as investors digest ongoing geopolitical uncertainties. Late on Wednesday, U.K. Prime Minister Theresa May survived a vote of no-confidence triggered by members of her own party as the Brexit saga continues. Elsewhere, the U.S.-China trade angst persists despite comments from President Donald Trump assuring onlookers that talks are progressing. The Dow Jones Industrial Average opened up 0.2%, the S&P 500 began the session up 0.3% and the Nasdaq Composite Index was up 0.5%. Ahead of the open, data showed the number of Americans applying for unemployment benefits fell 27,000 to 206,000. In company news, shares of embattled General Electric Co. (GE) rose more than 10% at the opening bell after JPMorgan analyst said the bottom could be near.
-Aaron Hankin; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 13, 2018 09:30 ET (14:30 GMT)
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