US STOCKS-Indexes higher as China rate cut adds to tech rally

viernes 23 de octubre de 2015 09:49 GYT
 

* Alphabet, Amazon, Microsoft spark rally in tech stocks

* Pandora, Skechers sink after poor results

* Whirlpool, P&G up after results

* Indexes up: Dow 0.68 pct, S&P 0.89 pct, Nasdaq 1.73 pct (Updates to open)

By Abhiram Nandakumar

Oct 23 (Reuters) - U.S. stocks opened higher on Friday after a surprise interest rate cut in China added to a broad rally driven by strong quarterly results from Alphabet, Microsoft and Amazon.

China's central bank cut interest rates for the sixth time since November on Friday in another attempt to jumpstart a slowing economy.

"Some of the worst fears associated with China were put to bed at least temporarily," said Ernie Cecilia, chief investment officer of Bryn Mawr Trust.

Global markets rose again, a day after the European Central Bank signaled that it was ready to extend its stimulus plan.   Continuación...