S&P 500, Nasdaq rise at open on upbeat data

FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October 28, 2020. REUTERS/Carlo Allegri

(Reuters) – The S&P 500 and Nasdaq opened higher on Thursday after upbeat economic data allayed some worries about surging coronavirus cases, while technology heavyweights found support ahead of quarterly earnings reports. The S&P 500 .SPX opened higher by 6.54 points, or 0.20%, at 3,277.57 and the Nasdaq Composite .IXIC gained 59.60 points, or 0.54%, to 11,064.47 at the opening bell.

The Dow Jones Industrial Average .DJI fell 38.97 points, or 0.15%, at the open to 26,480.98.

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