Stocks open slightly higher as investors weigh bank earnings

Stocks were trading with small gains after the opening bell Thursday in the final session of a holiday-shortened week, as investors weighed a raft of earnings from big Wall Street banks. The Dow Jones Industrial Average rose 181 points, or 0.5%, while the S&P 500 was up 0.2%. The Nasdaq Composite rose fractionally. Big bank shares were mostly higher after reporting earnings ahead of the bell. Goldman Sachs shares rose 3.2%, while Citigroup shares gained 1.7%, and Morgan Stanley shares advanced 3.3%. Wells Fargo & Co. shares slumped 5.7%. Twitter Inc. shares were also in focus, up 4.1%, after Tesla Inc. chief Elon Musk offered to buy all outstanding shares at $54.20 a share.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.