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US stocks rise as Europe rallies

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(Globalpost/GlobalPost)

US shares rose in opening trade Tuesday, lifted by European stock market rallies following a four-day Easter holiday weekend.

The Dow Jones Industrial Average was up 58.45 points (0.40 percent) at 14,631.30 in the first six minutes of trade.

The broad-based S&P 500 rose 7.14 points (0.46 percent) to 1,569.31, while the tech-rich Nasdaq Composite Index added 19.66 (0.61 percent) at 3,258.83.

"The resilience of the European markets has set a good tone," said Patrick O'Hare of Briefing.com

Wall Street stocks rebounded from losses Monday on disappointing US manufacturing data. The Dow slipped 0.04 percent, the S&P 500 gave up 0.45 percent and the Nasdaq sank 0.87 percent.

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http://www.globalpost.com/dispatch/news/afp/130402/us-stocks-rise-europe-rallies