US stocks open higher

New York, May 26 (IANS) US stocks opened higher on Thursday as investors eyed a batch of newly-released economic data and oil prices.

Shortly after the opening bell, the Dow Jones Industrial Average was up 27.46 points, or 0.15 percent, at 17,878.97, Xinhua news agency reported.

The S&P 500 gained 2.82 points, or 0.13 percent, at 2,093.36. The Nasdaq Composite Index rose 5.75 points, or 0.12 percent, to 4,900.64.

US stocks rose for a second day on Wednesday, as investors assessed news of a new bailout deal for Greece and rising oil prices.

US new orders for manufactured durable goods in April increased $7.7 billion, or 3.4 percent, to $235.9 billion, the Commerce Department said on Thursday.

The increase followed a rise of 1.9 percent in March.

–IANS

pgh/vt

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