Wall Street opens higher after GDP data
NEW YORK (Reuters) - Stocks rose at the open on Friday after data showed economic growth was in line with forecasts, slowing as expected in the second quarter and defying fears of a more pronounced slowdown.
The Dow Jones industrial average .DJI gained 25.99 points, or 0.20 percent, to 12,913.92. The Standard & Poor's 500 Index .SPX rose 5.14 points, or 0.38 percent, to 1,365.16. The Nasdaq Composite Index .IXIC added 14.30 points, or 0.49 percent, to 2,907.55.
(Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)
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