US stocks open higher on growth estimate
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NEW YORK, Nov 29 AFP
November 30 2012, 01:50AM
US stocks have opened higher, chasing solid gains in markets in Asia and Europe, helped by an expected strong upward revision in the US economic growth estimate for the third quarter.
All major sectors were higher, led by consumer goods and mining stocks.
Five minutes into trade on Thursday, the Dow Jones Industrial Average climbed 52.98 points, or 0.41 per cent, to 13,038.09.
The S&P 500 gained 7.34 points, or 0.52 per cent, at 1,417.27.
The Nasdaq Composite added 20.79 points, or 0.69 per cent, at 3,012.57.