Wall Street opens higher

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US stocks have opened higher, tracking the rises in European markets while shrugging off some disappointing data on retail sales and jobless claims.

Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 13.93 points, or 0.11 per cent, to 12,463.38.

The broad-based S&P 500 was up 3.53 points, or 0.27 per cent, to 1,296.01, while the tech-rich Nasdaq Composite rose 6.03 points, or 0.22 per cent, to 2,716.79.

Weekly jobless claims, an indicator of the pace of layoffs, rose to 399,000 after steadily falling for several weeks, raising the possibility that the recent improvement in the jobs sector may have been temporary.

Meanwhile retail sales in December were flat from the month before, confirming worries that the holiday shopping season was clouded by reticent shoppers and heavy discounting.