Stocks shake off virus fears to punch higher on rosy earnings reports

Stocks shake off virus fears to punch higher on rosy earnings reports

U.S. stocks climbed on opening Friday, with equity benchmarks set to end the week mostly higher in China.

Investor optimism following quarterly results buoyed shares of companies like Intel Corp. and American Express.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.28%  opened about 69 points, near 29,230, while the S&P 500 SPX, +0.00%   opened about 7 points.

The Nasdaq COMP, +0.25%   opened about 43 points, 0.4%, higher, at about 9,446, hitting a fresh intraday high.

The S&P 500 SPX, +0.00%  rose 3.79 points to end at 3,325.54, while the Dow DJIA, +0.28%  lagged behind, ending 26.18 points lower at 29,160.09, off 0.1%.

The Dow was set to post a weekly decline of 0.2%. The S&P 500 was on pace to register a slight increase of 0.1%. The Nasdaq Composite Index was on track to end the holiday-shortened week up 0.6%, according to FactSet data.

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