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US stocks open higher after buoyant week

17 Mar 2009 12:56 AM

US stocks opened higher on Monday .. after four consecutive days of gains last week .. on cautious optimism that the economy will begin to recover from recession despite many challenges ahead.

The Dow Jones Industrial Average rose 48.66 points .. or 0.67 per cent .. at the opening bell to 7,272.64 .. after a stunning nine per cent rise last week from 12-year lows.

The tech-heavy Nasdaq added 13.77 points .. or 0.96 per cent .. to 1,445.27 .. and the broad-market Standard and Poor's 500 index increased 2.29 points .. or 0.30 per cent .. to 758.84.

AAP RTV ldj/psm/