Wall St opens higher after GDP data

Data showed the US economy grew 1% in the fourth quarter, higher than the 0.7% reported last month.

Wall Street was higher at the open on Friday after data showed the U.S. economy grew 1 percent in the fourth quarter, higher than the 0.7 percent reported last month.

Economists polled by Reuters had expected a growth of 0.4 percent.

The Dow Jones industrial average rose 43.08 points, or 0.26 percent, to 16,740.37, the S&P 500 gained 6.29 points, or 0.32 percent, to 1,957.99 and the Nasdaq Composite index added 32.48 points, or 0.71 percent, to 4,614.69.