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US stocks open higher as Citi, others report strong earnings

FILE - In this July 6, 2015 file photo, an American flag is draped on the exterior of the New York Stock Exchange. Global stock markets mostly rose on Wednesday, July 15, 2015, after China posted better-than-expected economic growth in the second quarter. Investors are awaiting the Greek parliamentary vote on a bailout deal and the Fed chair's speech on the U.S. economic outlook. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — Stocks are opening higher in the U.S. after several big companies reported better earnings.

Citigroup, Intel, Netflix and eBay all rose in early trading Thursday after reporting results that beat analysts’ forecasts.

European markets also rose after Greece’s parliament approved pension reforms, tax increases and other measures demanded by its creditors.

The Dow Jones industrial average was up 62 points, or 0.3 percent, at 18,107 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index gained 11 points, or 0.5 percent, to 2,118. The Nasdaq composite climbed 31 points, or 0.6 percent, to 5,130.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 percent.

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