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Wall Street opens higher after China cuts rate

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Reuters

REUTERS - U.S. stocks opened higher on Friday after China's central bank cut interest rate to jumpstart a slowing economy and tech giants Alphabet, Microsoft and Amazon reported strong results.

The Dow Jones industrial average rose 60.6 points, or 0.35 percent, to 17,549.76, the S&P 500 gained 16.23 points, or 0.79 percent, to 2,068.74 and the Nasdaq composite index added 104.08 points, or 2.12 percent, to 5,024.13.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Don Sebastian)

 

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First Published: Oct 23 2015 | 7:03 PM IST

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