US Stock Market Shows Positive Start

Following the release of January's job cuts reports and initial jobless claims, major US stock equities began Thursday's trading session on a high note. The markets are also digesting the impact of ongoing trade tensions between the US and China, amidst President Donald Trump's decision to impose additional tariffs on China.

Earnings Reports Boost Market Confidence

Major companies such as Qualcomm, Uber, Disney, and Ford have reported their quarterly earnings earlier this week, contributing to the market's positive outlook. The Dow Jones rose by 0.10%, with McDonald's shares increasing by 2.81%. Meanwhile, the Nasdaq 100 traded flat, and the S&P 500 gained 0.20%, with Tapestry Inc. surging 15.15%.

Currency Movements

On the currency front, the euro weakened by 0.39% against the dollar, trading at $1.03651 at 9:28 am ET.