U.S. stocks opened higher Friday amid benign reports on inlfation. The focus turned to the mobile device market as the Apple iPhone went on sale and Blackberry made a better-than-expected quarterly profit, UPI quoted the Wall Street Journal as saying. The Dow Jones industrial average gained 49.02 points, or 0.37 percent, at 13,471.30 in early trading. Nasdaq was up 12.58, or 0.48 percent, at 2,620.95 and the Standard & Poor's 500 rose 7.47, or 0.50 percent, at 1,513.18. Crude oil futures rose 89 cents to $70.46 a barrel. Overseas, Tokyo's Nikkei 225 closed the week higher by 1.1 percent. The FTSE 100 was down 0.4 percent in London. U.S. bonds advanced. The 10-year note rose 12/32, or $3.75 for every $1,000 invested, yielding 5.062 percent. The dollar was mixed. The euro was at $1.3520 from $1.3438 late Thursday, while the dollar was at 123.33 yen from 123.21 yen. The U.S. Commerce Department said Friday May personal income rose at a seasonally adjusted rate of 0.4 percent while personal consumption grew 0.5 percent.
