US stocks open higher after Chinese market surges

AP News
Posted: Aug 27, 2015 9:42 AM
US stocks open higher after Chinese market surges

NEW YORK (AP) — U.S. stocks are opening higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.

The Dow Jones industrial average climbed 191 points, or 1.2 percent, as of 9:36 a.m. on Thursday.

The Standard & Poor's 500 index gained 24 points, or 1.2 percent, to 1,964. The Nasdaq composite gained 63 points, or 1.4 percent, to 4,762.

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Signet Jewelers jumped 12 percent after reporting earnings that surpassed the expectations of Wall Street analysts.

Bond prices fell, pushing up the yield on the 10-year note to 2.20 percent from 2.18 percent on Wednesday.