US stocks have opened sharply higher as investors dismiss downbeat Chinese manufacturing data and focus on a batch of encouraging US company earnings reports.
Five minutes into trade, the Dow Jones Industrial Average was up 92.39 points (0.63 per cent) at 14,659.56.
The broad-based S&P 500 rose 9.42 (0.60 per cent) to 1571.92, while the tech-rich Nasdaq Composite Index added 23.79 (0.74 per cent) at 3257.35.
"A disappointing Chinese manufacturing report and lacklustre business activity reports out of the eurozone are being met with a plethora of upbeat domestic earnings releases," Charles Schwab & Co said in a market note.
Stocks extended Monday's rebound from last week's losses. The Dow closed up 0.14 per cent, the S&P 500 added 0.47 per cent and the Nasdaq jumped 0.86 per cent.
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