US: Wall Street opens higher as economic data allays growth worries
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US stock indexes opened higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief to investors worried about a sharp slowdown in economic growth.
The Dow Jones Industrial Average rose 97.90 points or 0.30 per cent at the open to 32,735.09.
The S&P 500 opened higher by 19.59 points or 0.48 per cent at 4,077.43, while the Nasdaq Composite gained 129.04 points or 1.10 per cent to 11,869.69 at the opening bell. REUTERS
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