US STOCKS-Wall St opens higher as rising oil boosts energy stocks

jueves 5 de mayo de 2016 09:49 GYT
 

* Weekly jobless claims rise more than expected

* Alibaba rises after reporting results

* Fitbit slumps after profit forecast misses est.

* Indexes up: Dow 0.22 pct, S&P 0.25 pct, Nasdaq 0.20 pct (Updates to open)

By Tanya Agrawal

May 5 (Reuters) - U.S. stocks opened higher on Thursday as oil rose for the first time this week, helping boost energy shares, and investors awaited the monthly jobs data on Friday.

Oil prices jumped more than 3 percent as a huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concerns among investors of a near-term shortage in supply.

Jobs data for April is expected to show that nonfarm payrolls likely rose by 202,000, after rising 215,000 in March. The unemployment rate is forecast to hold at 5 percent.

The data is keenly watched as any signs of a strengthening labor market could influence the pace of future rate hikes. Traders, however, are pricing in only one increase later this year.   Continuación...