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Wall Street opens higher on BofA aid

    NEW YORK (Reuters) - Stocks opened higher on Friday after Dow component Bank of America received a $20 billion government capital infusion, overshadowing news suggesting fallout from the credit crisis was far from over.

    * Citigroup , another Dow component, reported a quarterly net loss of $8.29 billion and said it would split into two operating units to shed troubled assets. Bank of America shares rose 7.2 percent to $8.92 while Citigroup gained 8.6 percent to $4.16.

    * The Dow Jones industrial average <.DJI> was up 87.45 points, or 1.06 percent, at 8,299.94. The Standard & Poor's 500 Index <.SPX> was up 10.86 points, or 1.29 percent, at 854.60. The Nasdaq Composite Index <.IXIC> was up 21.04 points, or 1.39 percent, at 1,532.88.

    (Editing by James Dalgleish)

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