US stocks rise as Europe rallies

Written By Unknown on Selasa, 02 April 2013 | 22.34

US shares have risen in opening trade, lifted by European stock market rallies following a four-day Easter holiday weekend.

The Dow Jones Industrial Average was up 58.45 points (0.40 per cent) at 14,631.30 in the first six minutes of trade on Tuesday.

The broad-based S&P 500 rose 7.14 points (0.46 per cent) to 1569.31, while the tech-rich Nasdaq Composite Index added 19.66 (0.61 per cent) at 3258.83.

"The resilience of the European markets has set a good tone," said Patrick O'Hare of Briefing.com.

Wall Street stocks rebounded from losses on Monday on disappointing US manufacturing data. The Dow slipped 0.04 per cent, the S&P 500 gave up 0.45 per cent and the Nasdaq sank 0.87 per cent.


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