Stocks open higher on promising data from Asia

AP News
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Posted: Sep 09, 2013 9:46 AM
Stocks open higher on promising data from Asia

NEW YORK (AP) — Stocks are opening higher on Wall Street following encouraging economic news from China and Japan.

Apple rose a day before the company was expected to announce its latest version of the iPhone.

The Dow Jones industrial average was up 75 points, or 0.5 percent, to 14,996 after the first few minutes of trading Monday.

The Standard & Poor's 500 index rose seven points, or 0.5 percent, to 1,662. The Nasdaq composite rose 23 points, or 0.6 percent, to 3,683.

China reported that inflation eased in August, hinting at an economy on the mend. Japan reported that its economy expanded more rapidly than originally thought between April and June.

Delta Air Lines rose $1.08, or 6 percent, to $20.98 after the company was added to the S&P 500 index.