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Wall Street opens higher after China PMI


    NEW YORK (Reuters) - U.S. stocks opened higher on Monday as returning investors bet a 2010 rally would continue in the new year and Chinese factory inflation data tempered concerns over increased monetary tightening.

    The Dow Jones industrial average was up 96.98 points, or 0.84 percent, at 11,674.49. The Standard & Poor's 500 Index rose 10.68 points, or 0.85 percent, at 1,268.32. The Nasdaq Composite Index jumped 26.82 points, or 1.01 percent, at 2,679.69.

    (Reporting by Caroline Valetkevitch; editing by Jeffrey Benkoe)