P&G outlook boost helps US stocks
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NEW YORK, Jan 25 AFP
January 26 2013, 02:08AM
US stocks have opened higher helped by Procter & Gamble's 2.4 per cent gain after it beat quarterly earnings estimates and raised its outlook for 2013.
Positive quarterly reports from Oshkosh (+14.8 per cent) and Halliburton (+4.6 per cent) also underpinned the fresh rally on Friday, while Microsoft slipped 0.4 per cent on its middling results.
Five minutes into trade, the Dow Jones Industrial Average gained 30.10 points (0.22 per cent) to 13,855.43.
The broad-based S&P 500 added 4.72 (0.32 per cent) to 1499.54, while the tech-heavy Nasdaq Composite rose 7.42 (0.24 per cent) to 3137.80.