Wall Street opens higher on tech rebound, Nike slumps

Wall Street’s main indexes opened higher on Friday (Dec 19), as technology stocks extended their rebound from an early-week sell-off, while Nike tumbled after weak China sales weighed on its quarterly results.

The Dow Jones Industrial Average rose 87.38 points, or 0.21 per cent, to 48,051.77.

The S&P 500 rose 20.66 points, or 0.33 per cent, to 6,795.42, and the Nasdaq Composite rose 105.27 points, or 0.51 per cent, to 23,111.63. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.