Stocks jump at the open as Coinbase rises, Americans go shopping

U.S. stocks opened higher Thursday amid a raft of strong economic reports and corporate results. The Dow Jones Industrial Average
DJIA,
+0.67%
added 177 points, or 0.5%, according to preliminary estimates, to open near 33,908, while the S&P 500
SPX,
+0.74%
gained 25 points or 0.6%, to start trading near 4,149. The Nasdaq Composite index
COMP,
+0.99%
was up 122 points or 0.9%, near 13,980. First-time filings for jobless benefits fell sharply in the most recent week, the Labor Department said Thursday morning, and retail sales rocketed nearly 10% in March as Americans spent their stimulus checks. Shares of Coinbase Global Inc.
COIN,
-1.45%
gained on the second day of trading for the cryptocurrency exchange, boosted by both retail and institutional investors alike, and earnings for companies like Citigroup Inc.
C,
-0.26%
beat analyst expectations.