Business Standard

Wall St opens higher after GDP data

Data showed the US economy grew 1% in the fourth quarter, higher than the 0.7% reported last month.

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

Reuters

Wall Street was higher at the open on Friday after data showed the U.S. economy grew 1 percent in the fourth quarter, higher than the 0.7 percent reported last month.

Economists polled by Reuters had expected a growth of 0.4 percent.

The Dow Jones industrial average rose 43.08 points, or 0.26 percent, to 16,740.37, the S&P 500 gained 6.29 points, or 0.32 percent, to 1,957.99 and the Nasdaq Composite index added 32.48 points, or 0.71 percent, to 4,614.69.

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First Published: Feb 26 2016 | 8:07 PM IST

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