"American Stock Market" US stocks relied on Disney's performance to rise 9% in the early days, and the chip stock Arm rose 30%.
Initial claims for jobless benefits in the US fell to 218000 last week, less than expected. Fed officials were more hawkish, with the three major indexes of U. S. stocks stabilizing on Thursday and the Dow rising early in the day.
The S & P 500 index was nearly flat, opening at 4995.16, continuing its historic level of 5000; the Dow opened 24.75, or 0.06% higher, at 38702.11; and the Nasdaq opened 5.59, or 0.04%, at 15762.23.
DIS.US, which earned better than expected last quarter and increased its dividend by 50 per cent, jumped more than 9 per cent in early trading on Thursday. PayPal (PYPL.US)'s earnings outlook is weak this year, with its shares falling more than 8 per cent against the market.
Arm (ARM.US) beat expectations on earnings last quarter, with its shares rising 35 per cent to $103.82 in early trading. Other chip stocks were soft, with Nvidia (NVDA.US) up 0.6% and AMD.US down 0.7%.
Alphabet (GOOG.US) rose 0.6%, Google AI chat robot Bard renamed Gemini and launched a monthly premium version.
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