Apple surges as US stocks open higher

NEW YORK – US stocks opened higher Friday following gains on European markets with traders looking for a possible Spain rescue package and Apple back over $700 as it released the iPhone 5.

Five minutes into trade, the Dow Jones Industrial Average was up 44.67 points (0.33 percent) at 13,641.53.

The S&P 500 rose 6.52 (0.45 percent) to 1,466.78, while the tech-heavy Nasdaq added 19.17 (0.60 percent) to 3,195.13.

Apple shares pushed to $702.44, up 0.54 percent, as it released the first iPhone 5s to buyers who have ordered more than two million of the newest version of the company’s hit smartphone.