US STOCKS SNAPSHOT-Wall St opens higher on Best Buy results

NEW YORK, March 24 (Reuters) – U.S. stocks opened higher on
Thursday with retail stocks in focus after Best Buy (BBY.N: Quote, Profile, Research)
posted higher-than-expected profit, though light trading volume
suggested that optimism was limited.

With the quarter-end approaching, portfolio managers will
be buyers as they execute window dressing, while hedge funds
cover shorts that are under pressure.

The Dow Jones industrial average (.DJI: Quote, Profile, Research) was up 58.43
points, or 0.48 percent, at 12,144.45. The Standard & Poor’s
500 Index (.SPX: Quote, Profile, Research) rose 5.78 points, or 0.45 percent, at
1,303.32. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) added 16.14
points, or 0.60 percent, at 2,714.44.
(Reporting by Ryan Vlastelica)

US STOCKS SNAPSHOT-Wall St opens higher on Best Buy results