Wall Street opens higher after encouraging China data, earnings – Investing.com

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© Reuters. Traders work on the floor at the NYSE in New York

(Reuters) – U.S. stocks opened higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm (NASDAQ:) shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.

The rose 15.87 points, or 0.06%, at the open to 26,468.53. The opened higher by 8.98 points, or 0.31%, at 2,916.04. The gained 44.74 points, or 0.56%, to 8,044.97 at the opening bell.

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