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Wall Street opens up on Russia bets

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Reuters NEW YORK
Last Updated : Aug 08 2014 | 7:55 PM IST

By Rodrigo Campos

NEW YORK (Reuters) - U.S. stocks rose at the open on Friday as optimism over the Russia-Ukraine crisis offset concerns about the implications of U.S. air strikes on Iraq.

The Dow Jones industrial average .DJI rose 27.42 points or 0.17 percent, to 16,395.69, the S&P 500 .SPX gained 4.08 points or 0.21 percent, to 1,913.65 and the Nasdaq Composite .IXIC added 4.44 points or 0.1 percent, to 4,339.41.

Utilities were the best performers on the S&P 500 as their high-dividend yield once more became attractive to investors after the U.S. 10-year Treasury note yield fell to a 14-month low.

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(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

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First Published: Aug 08 2014 | 7:48 PM IST

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