US stocks rise on solid China, Japan data

US stocks rise on solid China, Japan data

NEW YORK CITY, New York - US stocks Monday opened higher following strong economic data from China and Japan.

Five minutes into trade, the Dow Jones Industrial Average jumped 65.51 (0.44 per cent) to 14,988.01.

The broad-based S&P 500 added 7.1 (0.43 per cent) at 1,662.28, while the tech-rich Nasdaq Composite Index tacked on 21.41 (0.59 per cent) at 3,681.42.

US investors continued to cautiously await news on the Obama administration's plans for a military strike on Syria and on the Federal Reserve's intentions for scaling back its aggressive bond-buying programme.

However, markets were cheered by data out of the world's second- and third-largest economies.

China's trade surplus grew to a greater-than-expected $28.5 billion in August after exports jumped unexpectedly.

Meanwhile, Japan's second-quarter economic growth hit 0.9 per cent, up from the previous quarter and above the 0.6 per cent previously estimated.

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