US: Wall St opens higher after encouraging China data, earnings

[NEW YORK] US stocks opened higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.

The Dow Jones Industrial Average rose 15.87 points, or 0.06%, at the open to 26,468.53. The S&P 500 opened higher by 8.98 points, or 0.31%, at 2,916.04. The Nasdaq Composite gained 44.74 points, or 0.56%, to 8,044.97 at the opening bell.

REUTERS