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A woman wearing a Canada Goose coat stops to photograph the company's banner, at the New York Stock Exchange, Thursday, March 16, 2017. The Canadian maker of luxury winter down jackets has its IPO at the exchange Thursday. THE ASSOCIATED PRESS

OPENING BELL: US stocks edge higher in early trade

NEW YORK — Stocks are opening modestly higher on Wall Street with the biggest gains going to banks and technology companies.

 

Oracle jumped 8 percent early Thursday after reporting better earnings and revenue than analysts expected as its cloud computing business put up solid gains.

 

Wearable camera maker GoPro soared 11 percent after sticking by its sales forecast and saying it will cut more jobs.

 

The Standard & Poor's 500 index rose 1 point to 2,386.

 

The Dow Jones industrial average gained 30 points, or 0.2 percent, to 20,979. The Nasdaq rose 5 points, or 0.1 percent, to 5,905.

 

Three stocks rose for every two that fell on the New York Stock Exchange.

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