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Wall Street climbs 1 percent on China data relief



    NEW YORK (Reuters) - Stocks further rallied in morning trading on Friday, with the S&P 500 and Dow industrials gaining more than 1 percent as data from China allayed concerns a slowdown in the world's second-largest economy would further hinder growth worldwide.

    The Dow Jones industrial average rose 154.66 points, or 1.23 percent, to 12,727.93. The S&P 500 Index added 16.88 points, or 1.26 percent, to 1,351.64. The Nasdaq Composite gained 30.39 points, or 1.06 percent, to 2,896.58.

    (Reporting by Rodrigo Campos; Editing by Bernadette Baum)