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Post by bot on Apr 12, 2018 10:10:11 GMT -5
Dow jumps 200 points at the open, shaking off geopolitical angst--for now
The Dow Jones Industrial Average opened firmly higher on Thursday, along with the broader market, as rising tensions in the Middle East to a back seat to coming corporate earnings, which are expected to be strong. The Dow rose 210, or 0.9%, at 24,405, the S&P 500 index climbed 0.6% at 2,658, while the Nasdaq Composite Index advanced 0.6% at 7,113. Geopolitical concerns have receded somewhat a day after President Donald Trump suggested that a retaliatory strike against Syria, in response to a suspected chemical-weapons attack over the weekend, may be imminent. However, in a recent tweet, he played down the timing of any military response. The possibility of conflict between Syria and the U.S., could also draw in Damascus allies, Iran and Russia, market participants fear. In economic reports, initial jobless claims fell in the first week of April and returned near the lowest levels since the early 1970s. In corporate news, BlackRock Inc. shares gained after the asset-managing giant reported earnings and revenue that came in ahead of forecasts.
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