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US: Wall St opens higher as oil prices jump

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Wall Street was higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes.

[NEW YORK] US stocks opened higher on Friday as a cold wave across the United States and Europe helped oil prices surge for a second day.

European Central Bank President Mario Draghi's remarks on Thursday suggesting the bank could ease its monetary policy in March also encouraged investors.

The Dow Jones industrial average rose 120.6 points, or 0.76 per cent, to 16,003.28, the S&P 500 gained 18.76 points, or 1 per cent, to 1,887.75 and the Nasdaq Composite index added 82.24 points, or 1.84 per cent, to 4,554.30.

REUTERS