Wall St opens up, Alibaba awaited

Scotland's vote to remain in the UK removed market uncertainty and Alibaba's strong pricing gave support to risk assets

Alibaba Group Holding Ltd founder Jack Ma (2nd R) arrives at the New York Stock Exchange for his company's initial public offering (IPO) under the ticker "BABA" in New York
Reuters New York
Last Updated : Sep 19 2014 | 7:32 PM IST

US stocks opened higher on Friday after Scotland's vote to remain in the United Kingdom removed market uncertainty and Alibaba's strong pricing gave support to risk assets.

The Dow Jones industrial average rose 42.84 points, or 0.25 percent, to 17,308.83, the S&P 500 gained 3.42 points, or 0.17 percent, to 2,014.78 and the Nasdaq Composite added 14.92 points, or 0.32 percent, to 4,608.34.

For the week, the Dow is up 2 percent, the S&P is up 1.6 percent and the Nasdaq is up 0.9 percent. All three are on track for their sixth week of gains out of the past seven.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 19 2014 | 7:06 PM IST

Next Story