US STOCKS-Wall Street open sharply higher on strong data, earnings
* Weekly jobless claims fall to 266,000 from 269,000
* Department store stocks soar on Kohl's, Macy's results
* Alibaba jumps as revenue soars
* Indexes up: Dow 0.42 pct, S&P 0.37 pct, Nasdaq 0.51 pct (Updates to open)
By Yashaswini Swamynathan
Aug 11 (Reuters) - Wall Street rose sharply on Thursday morning as strong labor market data and upbeat corporate results buoyed investor sentiment about U.S. economic growth.
The number of Americans applying for unemployment benefits slipped by 3,000 last week to 266,000 from the week earlier, continuing a trend of being below the 300,000 mark for the 75th consecutive week.
The data follows a set of robust labor market reports including last week's monthly payrolls numbers.
Kohl's kicked off the two-day earnings run of department store chains. The company's shares rose 13.4 percent after its quarterly profit beat estimates. Continuación...