US: Wall Street gains at open as banks rise

[NEW YORK] US stocks opened higher on Friday, as bumper results from the country's largest banks, including JPMorgan, set an upbeat tone for the earnings season.

The Dow Jones Industrial Average rose 354.80 points, or 1.42 per cent, at the open to 25,407.63. The S&P 500 opened higher by 42.17 points, or 1.55 per cent, at 2,770.54. The Nasdaq Composite gained 178.78 points, or 2.44 per cent, to 7,507.84 at the opening bell.

REUTERS