BUSINESS Stocks opening higher on Wall Street

BUSINESS

Stocks opening higher on Wall Street

AP

22:56, January 18, 2019

US stocks are opening higher as the market wraps up another strong week.

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(Photo: VCG)

US industrial production grew more than expected in December and technology and industrials made rose Friday. Microsoft rose 1.2 percent and Deere rose 1.3 percent.

Transportation and logistics company J.B. Hunt jumped 6.1 percent after its fourth-quarter report.

Electric car maker Tesla fell 6.3 percent after saying it will cut 7 percent of its jobs.

Timberland maker VF jumped 13.7 percent after raising its annual forecasts.

The S&P 500 index climbed 17 points, or 0.7 percent, to 2,653.

The Dow Jones Industrial Average rose 163 points, or 0.7 percent, to 24,533. The Nasdaq composite added 47 points, or 0.7 percent, to 7,131.

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