NEW YORK (AP) — U.S. stocks are opening modestly higher as several companies reported solid earnings.

Supermarket operator Kroger was up 2 percent early Thursday after beating analysts' profit forecasts, and chipmaker Avago Technologies soared 11 percent after reporting a big jump in earnings.

The euro rose sharply against the dollar after the European Central Bank cut interest rates less than investors expected.

The Dow Jones industrial average edged up 13 points, or 0.1 percent, to 17,743 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 2,081. The Nasdaq composite increased 12 points, or 0.2 percent, to 5,134.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.24 percent.