Apple surges as US stocks open higher

New York - US stocks opened higher on 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%) at 13 641.53.

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

Apple shares pushed to $702.44, up 0.54%, 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.

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