NEW YORK, July 23 (Xinhua) -- U.S. stocks traded on an upbeat note on Friday morning, buoyed by overall strength in the financials sector.
Shortly after the opening bell, the Dow Jones Industrial Average increased 190.31 points, or 0.55 percent, to 35,013.66. The S&P 500 rose 16.47 points, or 0.38 percent, to 4,383.95. The Nasdaq Composite Index added 18.84 points, or 0.13 percent, to 14,703.44.
Ten of the 11 primary S&P 500 sectors advanced in morning trading, with financials up more than 1 percent, leading the gainers. Energy slipped 0.4 percent, the lone declining group.
A slew of strong earnings reports contributed to market optimism. Twitter shares rose after the U.S. social media company reported large growth in users and ad sales for the second quarter. Shares of Snap, another tech name, jumped more than 20 percent on its better-than-expected quarterly earnings.
On Thursday, U.S. equities eked out modest gains after data showed the number of Americans filing for first-time jobless benefits unexpectedly rose last week.