US stocks open higher on Chinese stimulus hopes

(From Reuters)

Wall Street opened higher on Wednesday after China’s finance ministry said the government will strengthen fiscal policy, boost infrastructure spending and speed up tax reforms.

The Dow Jones industrial average .DJI rose 77.5 points, or 0.47 percent, to 16,570.18, the S&P 500 .SPX gained 11.75 points, or 0.6 percent, to 1,981.16 and the Nasdaq composite.IXIC added 42.76 points, or 0.89 percent, to 4,854.69.



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