May 22, 2009 / 1:41 PM / 10 years ago

US STOCKS-Moody's reassurance, Sears lift Wall St

NEW YORK, May 22 (Reuters) - U.S. stocks opened higher on Friday on reassuring comments from Moody’s about the credit rating outlook for the United States and a flurry of upbeat quarterly results from major retailers.

Sears Holdings Corp SHLD.O, which owns the Sears and Kmart chains, reported a surprise first-quarter profit on Thursday. (For details, see [ID:nN21308663])

* The Dow Jones industrial average .DJI gained 24.38 points, or 0.29 percent, to 8,316.51. The Standard & Poor's 500 Index .SPX rose 2.07 points, or 0.23 percent, to 890.40. The Nasdaq Composite Index .IXIC added 5.84 points, or 0.34 percent, to 1,701.09. (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

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