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US: Wall St higher on China data, bank earnings

Tuesday, January 19, 2016 - 22:49
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US stocks fell about 1.4 per cent in opening trade Wednesday, joining a rout in Asia and Europe prompted by sliding oil prices and worries about a weakening global economy.

[NEW YORK] US stocks opened higher on Tuesday after China's slowest annual growth pace in 25 years raised hopes of further stimulus measures, and on strong results from US banks.

The Dow Jones industrial average was up 109.51 points, or 0.68 per cent, at 16,097.59.

The S&P 500 was up 15.43 points, or 0.82 per cent, at 1,895.76 and the Nasdaq Composite index was up 58.47 points, or 1.3 per cent, at 4,546.89.

REUTERS