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Wall Street opens higher on data, FedEx

NEW YORK (Reuters) - Wall Street stocks rose at the open on Thursday as stronger labor market and manufacturing data as well as higher quarterly profit from FedEx spurred a rebound after three days of market losses.

The Dow Jones industrial average <.DJI> gained 124.84 points, or 1.06 percent, to 11,948.32. The Standard & Poor's 500 Index <.SPX> added 12.55 points, or 1.04 percent, to 1,224.37. The Nasdaq Composite Index <.IXIC> put on 22.81 points, or 0.90 percent, to 2,562.12.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)

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