U.S. stocks indexes opened higher on Thursday after two days of losses, driven by strong earnings from Wal-Mart and Cisco.

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The Dow Jones Industrial Average rose 117.2 points, or 0.5 percent, to 23,388.48. The S&P 500 gained 9.98 points, or 0.39 percent, to 2,574.6. The Nasdaq Composite added 36.94 points, or 0.55 percent, to 6,743.15.

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