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US stock indexes rise in early trading, following big gains in Asia on new Japan stimulus

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NEW YORK — U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy.

The Standard & Poor's 500 index rose 18 points, or 0.9 percent, to 2,012 as of 9:35 a.m. Eastern time Friday.

PHOTO: Street signs mark the corner of Broadway and Wall Street, in New York's Financial District,  Thursday, Oct. 2, 2014. Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday Oct. 31, 2014 after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy.  (AP Photo/Richard Drew)
Street signs mark the corner of Broadway and Wall Street, in New York's Financial District, Thursday, Oct. 2, 2014. Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday Oct. 31, 2014 after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy. (AP Photo/Richard Drew)

The Dow Jones industrial average rose 148 points, or 0.8 percent, to 17,346. The Nasdaq composite rose 67 points, or 1.5 percent, to 4,633.

Markets rose sharply in Asia after the Bank of Japan unexpectedly announced new stimulus measures to boost the country's flagging economy. Tokyo's benchmark Nikkei index jumped 5 percent.

In the U.S., GoPro soared 15 percent after the maker of wearable cameras reported higher earnings and revenue than analysts were expecting.

The price of the 10-year Treasury note fell. Its yield rose to 2.33 percent.

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