UNITED STATES (OBSERVATORY) – Markets in the United States opened higher on Friday, following an advanced estimate of real gross domestic product (GDP) rise of 2.3% in the first quarter of 2018. After markets closed yesterday, big tech reported strong earnings releases, with Amazon leading the way, posting a jump of 43% in revenue year-over -year. Microsoft, Intel and Baidu followed, reporting higher-than-expected earnings results.
The Dow Jones Industrial Average was flat at the opening bell. Microsoft and Intel led the gains, rising 2.39% and 1.80%, respectively.
Meanwhile, the S&P 500 was 0.30% in the green, with SVB Financial Group soaring 17%, following earnings report.
Nasdaq 100 gained 1.39% in the first few minutes of trading, as Amazon.com, Inc. hit an all time high at the opening bell. Expedia Group, Inc. had a strong start as well, climbing almost 9%.
The euro lost 0.15% against the US dollar, to go for 1.2082 at 3:58 pm CET.