Stocks open higher on Wall Street, Amazon surges
Dow opens higher, heading for fourth day of gains; Amazon surges on jump in shipments
In an April 23, 2012 photo Robert Arciero, right, works with fellow traders on the floor of the New York Stock Exchange. Wall Street headed for a mixed opening Friday April 27, 2012, with Dow Jones industrial futures slipping marginally while the S&P 500 futures fell 0.1 percent (AP Photo/Richard Drew)
·Associated PressNEW YORK (AP) -- Stocks are opening higher on Wall Street, following gains in Europe.
The Dow Jones industrial average was up 20 points at 13,224 shortly after the opening bell. The Standard & Poor's 500 edged up two points to 1,401. The Nasdaq composite rose three points to 3,053.
Amazon stock surged 16 percent after the online retailer reported a big gain in shipments.
Procter & Gamble fell 3 percent after the consumer products giant reported a 16 percent profit slump for the first three months of the year on higher costs for raw materials and restructuring charges.
In Europe, gains were subdued after S&P downgraded Spain's debt for the second time this year. Spain also reported another increase in its unemployment rate. Germany's DAX rose 1 percent, France's CAC-40 1.3 percent.
