U.S. stocks rise slightly at open despite New York Ebola case

0 Comment(s)Print E-mail Xinhua, October 24, 2014
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U.S. stocks opened up slightly Friday, as investors appeared to take in stride the first confirmed Ebola case in New York City.

A doctor in New York City recently returning from West Africa was tested positive for Ebola late Thursday, becoming the city's first diagnosed case, which posed a risk of further spreading of Ebola.

Shrugging off the Ebola case, the stock market logged modest gains at the open, as investors pondered over a batch of mixed corporate earnings.

Shortly after Thursday's closing bell, Microsoft announced revenues of 23.20 billion U.S. dollars for the quarter ended Sept. 30 and diluted earnings per share of 0.54 dollar both of which beat expectations.

However, Amazon posted a wider-than-expected loss of 0.95 dollar per share for the third quarter on revenues of 20.58 billion dollars also missing analyst forecast. The e-commerce giant's shares slumped over 7 percent at the open.

Before Friday's opening bell, United Parcel Service posted diluted earnings per share of 1.32 dollars for the third quarter on revenues of 14.29 billion dollars, both topping analyst expectations.

Household products maker Procter & Gamble reported core earnings per share of 1.07 dollars for the first quarter fiscal year 2015 in line with market consensus on revenues that were shy of estimates.

Ford Motor delivered after-tax third quarter earnings per share of 24 cents, excluding special items, which surpassed analyst estimates, but its revenues trailed analyst forecast.

Shortly after the opening bell, the Dow Jones Industrial Average rose 22.46 points, or 0.13 percent, to 16,700.36. The S&P 500 advanced 2.37 points, or 0.12 percent, to 1,953.19. The Nasdaq Composite Index increased 7.36 points, or 0.17 percent, to 4,460.15.

On the previous day, U.S. stocks went off session highs but still closed sharply higher, underpinned by generally positive corporate earnings and economic data. Endi

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