US: Nasdaq up 1% as tech earnings impress, yields pull back

[NEW YORK] Wall Street stocks opened higher on Thursday as US bond yields pulled back from the 3 per cent level, and a 9 per cent jump in Facebook's shares after strong results helped the Nasdaq rise more than 1 percent.

The Dow Jones Industrial Average rose 44.89 points, or 0.19 per cent, at the open to 24,128.72. The S&P 500 opened higher by 12.25 points, or 0.46 per cent, at 2,651.65. The Nasdaq Composite gained 76.75 points, or 1.10 per cent, to 7,080.49 at the opening bell.

REUTERS