Wall St. rises at open as banks offset data
Reassuring news on the banking sector from Europe also buoyed sentiment, offsetting grim U.S. government data that showed the labor market worsening and a slide in durable goods orders. Citigroup rose 11.5 percent to $2.81 while Bank of America gained over 13 percent to $5.85.
The Dow Jones industrial average gained 60.53 points, or 0.83 percent, to 7,331.42. The Standard & Poor's 500 Index rose 8.28 points, or 1.08 percent, to 773.18. The Nasdaq Composite Index added 9.24 points, or 0.65 percent, to 1,434.67.
(Editing by James Dalgleish)