US STOCKS-Wall Street opens higher on bailout hope

Thu Sep 25, 2008 9:35am EDT

(Updates to open)

NEW YORK, Sept 24 (Reuters) - U.S. stocks rose at the open on Thursday as investors bet that Congress might be close to agreeing to a deal on a $700 billion bailout for the financial sector.

The Dow Jones industrial average .DJI was up 97.89 points, or 0.90 percent, at 10,923.06. The Standard & Poor's 500 Index .SPX was up 8.31 points, or 0.70 percent, at 1,194.18. The Nasdaq Composite Index .IXIC was up 15.01 points, or 0.70 percent, at 2,170.69.

(Reporting by Kristina Cooke; Editing by Kenneth Barry)

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