NEW YORK (AP) — The latest on developments in global financial markets (all times local):
Stocks are trading slightly higher at the opening on Wall Street as investors welcome a report suggesting economic growth was stronger than expected in the first quarter.
Consumer stocks rose the most Friday. Ulta Salon jumped nearly 10 percent on strong first-quarter results.
In deal news machinery maker Terex plunged 19 percent after Chinese rival Zoomlion abandoned its months-old takeover attempt.
The price of benchmark crude fell1 percent to $48.90 in New York.
The Dow was up 30 points, or 0.2 percent, to 17,857. The Standard and Poor’s 500 index was up 4 points, or 0.2 percent, to 2,095. The Nasdaq composite climbed 13 points, or 0.3 percent, to 4,914.