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.

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.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s