US stocks open higher as Disney shares tumble
Traders at the New York Stock Exchanege
New York - AFP
US stocks opened higher Wednesday after three straight down days, despite a report showing disappointing private-sector jobs growth and a sharp fall in shares of Dow member Disney.
Five minutes into trade, the Dow Jones Industrial Average was at 17,593.59, up 42.90 points (0.24 percent).
The broad-based S&P 500 gained 12.03 (0.57 percent) at 2,105.35, while the tech-rich Nasdaq Composite Index jumped 30.61 (0.60 percent) to 5,136.15.
Payroll firm ADP estimated the US private sector added 185,000 jobs in June, much below the analyst estimate for 220,000 additional jobs.
Disney fell 8.8 percent as revenues for the quarter ending June 27 came in at $13.1 billion, below the $13.2 billion projected by analysts.
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