Wall St opens higher as Microsoft's results temper some AI jitters

[NEW YORK] US stocks opened higher on Thursday (Jul 30) as Microsoft’s forecast-beating results soothed investor concerns about massive AI spending by companies, while investors parsed fresh readings of GDP and inflation data a day after the Federal Reserve’s rate decision.

The Dow Jones Industrial Average rose 520.1 points, or 1.01 per cent, at the open to 52,114.27.

The S&P 500 rose 74.3 points, or 1.02 per cent, at the open to 7,390.45​, while the Nasdaq Composite rose 409.1 points, or 1.67 per cent, to 24,852.047 at the opening bell. REUTERS