Market Snapshot: Dow opens 400 points higher as stocks look to snap 5-day losing streak

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U.S. stocks opened higher on Friday following five days of losses as investors found solace in a stronger than expected June retail-sales report, along with a decidedly mixed batch of bank earnings.

How are stocks trading?

On Thursday stocks ended down, but off session lows. The S&P 500 SPX shed 0.3% to close at 3,790.38, its fifth day in the red and longest losing streak in a month. The Dow industrials DJIA fell 142.62 points, or 0.5%, to finish at 30,630.17, clawing back a loss of 600 points earlier. The Nasdaq…