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A person walks past a Microsoft sign on January 22, 2009 in Redmond, Washington. (Robert Giroux/Robert Giroux/Getty Images)
A person walks past a Microsoft sign on January 22, 2009 in Redmond, Washington. (Robert Giroux/Robert Giroux/Getty Images)

At the open: Earnings drive Dow higher Add to ...

North American stocks rose at the start of trading on Friday, boosted by a round of upbeat quarterly results.

The Dow Jones industrial average rose 82 points or 0.6 per cent, to 13,046. The broader S&P 500 rose 7 points or 0.5 per cent, to 1,384. In Canada, the S&P/TSX composite index rose 23 points or 0.2 per cent.

Among Dow components, gains were led by companies that reported their results since the close of trading on Thursday. Microsoft Corp. rose 4.4 per cent after its declining earnings topped estimates. General Electric Co. rose 1.3 per cent and McDonald’s Corp. rose 1.8 per cent.

However, Bank of America Corp. fell 0.9 per cent.

Canadian Pacific Railway Ltd. rose 0.3 per cent after reporting that its quarterly earnings rose to $142-million or 82 cents a share, up from 20 cents a share last year. The results were in line with the company’s raised forecasts.

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