Wall Street opens higher on tech rebound, Nike slumps

Wall Street's main indexes opened higher on Friday, as technology stocks extended their rebound from an early-week selloff, while Nike tumbled after weak China sales weighed on its quarterly results.

The Dow Jones Industrial Average rose 87.38 points, or 0.21 percent, to 48,051.77. The S&P 500 rose 20.66 points, or 0.33 percent, to 6,795.42, and the Nasdaq Composite rose 105.27 points, or 0.51 percent, to 23,111.63.

REUTERS