New York - US stocks Tuesday opened higher on strong Chinese economic data and rising optimism that a US punitive military strike on Syria over its alleged chemical weapons use might be avoided.
Five minutes into trade, the Dow Jones Industrial Average jumped 76.44 (0.51 percent) to 15,139.56.
The broad-based S&P 500 put on 8.39 (0.50 percent) at 1,680.10, while the tech-rich Nasdaq Composite Index added 17.07 (0.46
percent) at 3,723.25.
Investors were cheered by Chinese August industrial production data that showed the fastest rise in 17 months.
Also, markets continues to hope that a Russian plan to put Syria's chemical weapons under international control might avert a US military strike.
US President Obama is expected to address the country on Syria later Tuesday.
“Market participants are feeding off the idea that a worst-case scenario (i.e. a broader regional conflict triggered by a US-led strike) is going to be avoided,” said Patrick O'Hare, analyst at Briefing.com. - Sapa-AFP