US STOCKS SNAPSHOT-Wall St up as China data spurs optimism
NEW YORK, June 1 |
NEW YORK, June 1 (Reuters) - U.S. stocks opened higher on Monday as stronger economic data from China fueled optimism that the worst of the global recession was past, even as General Motors filed for bankruptcy.
* Cisco Systems Inc (CSCO.O), Travelers Cos Inc (TRV.N) to replace General Motors Corp (GM.N), Citigroup Inc (C.N) in the Dow industrials.
* The Dow Jones industrial average .DJI gained 102.51 points, or 1.21 percent, to 8,602.84. The Standard & Poor's 500 Index .SPX gained 11.83 points, or 1.29 percent, to 930.97. The Nasdaq Composite Index .IXIC gained 23 points, or 1.3 percent, to 1,797.
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