Aust stocks open slightly higher

Local market lifts as Wall St edges to fresh record highs ahead of Thanksgiving.

The Australian stock market opened slightly higher after Wall Street edged to fresh record highs ahead of the Thanksgiving holiday.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index added 0.26% to 5,346.7 points, while the broader All Ordinaries index increased 0.26% to 5,338.9 points.

Wall Street's gains came despite a disappointing report on durable goods, which dipped two% in October due to a big drop in transportation orders and a decline of 0.1% outside of transportation.

Meanwhile, first-time claims for US unemployment benefits fell 10,000 last week to 316,000.

In local economic news on Thursday, the Australian Bureau of Statistics releases Private New Capital Expenditure and Expected Expenditure data for the September quarter.

In equities news, Seek and Linc Energy have annual general meetings scheduled.

In Australia, the market on Wednesday lost ground as commodity price weakness led to losses among the big miners.

The benchmark S&P/ASX200 index shed 25.7 points, or 0.48%, to 5,324.9.

The broader All Ordinaries index fell 24.1 points, or 0.45%, to 5,332.9.

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