US: Wall St inches up on GE deal, buyback

[NEW YORK] US stocks inched higher at the open on Friday as investors lauded GE's decision to divest the bulk of its high-risk GE Capital business and share repurchase plan.

The Dow Jones industrial average rose 22.52 points, or 0.13 per cent, to 17,981.25, the S&P 500 gained 3.69 points, or 0.18 per cent, to 2,094.87 and the Nasdaq Composite added 6.29 points, or 0.13 per cent, to 4,980.85.

REUTERS